Boeing CEO out following 737 Max fiasco, will be replaced by current board chairman
https://techcrunch.com/2019/12/23/boeing-ceo-out-following-737-max-fiasco-will-be-replaced-by-current-board-chairman/
Boeing’s CEO Dennis A. Muilenburg is CEO no longer, the company announced today. Effective January 13, 2020 current Board Chairman David L. Calhoun takes over the top executive officer spot at the aerospace company, and becomes President as well.
This is far from a surprising decision: Boeing’s year has been marked primarily by its handling of the 737 Max issues if faced, which stemmed from aircraft failures that resulted in crashes and the deaths of passengers. Boeing has taken steps to address the crisis and its fallout, including putting $100 million into a fund to be distributed to the families and communities surrounding the victims of 737 Max crashes. It also recently halted production of new 737 Max aircraft, pending its recertification for service.