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Boeing fires CEO Dennis Muilenburg, as the company struggles with 737 Max crisis

Posted on AllSides December 23rd, 2019
From The Center

Boeing has fired CEO Dennis Muilenburg and said Monday it replaced him with the company’s chairman as the manufacturer struggles to regain the trust of regulators, customers and the public after two fatal crashes of its best-selling plane, the 737 Max.

Chairman David Calhoun will become the manufacturer’s new CEO on Jan. 13. The transition period will allow him to exit his non-Boeing commitments. Board member Lawrence Kellner will become Boeing’s non-executive chairman of the board, effective immediately.

Boeing shares rose 2.5% in morning trading.

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https://www.cnbc.com/2019/12/23/boeing-stock-halted-pending-news-company-battles-fallout-737-max-crisis.html

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