Boeing removes Muilenburg as chairman, remains CEO
The Boeing Company, through its board of directors, has separated the roles of chairman and chief executive officer in an effort to strengthen the company’s governance and safety management processes.
As a result, Dennis Muilenburg is no longer the company’s chairman, but he continues as CEO, president and a director. The board elected David Calhoun, current independent lead director, to serve as non-executive chairman.
“I am fully supportive of the board’s action,” said Muilenburg. “Our entire team is laser-focused on returning the 737 MAX safely to service and delivering on the full breadth of our company’s commitments.”
In making the move, Boeing’s board stated that splitting the chairman and CEO roles will enable Muilenburg to focus on running the company as it works to return the 737 MAX safely to service, ensure full support to Boeing’s customers around the world, and implement changes to sharpen Boeing’s focus on product and services safety.
“The board has full confidence in Dennis as CEO and believes this division of labour will enable maximum focus on running the business with the board playing an active oversight role,” Calhoun said. “The board also plans in the near term to name a new director with deep safety experience and expertise to serve on the board and its newly established Aerospace Safety Committee.”