Boeing Strips CEO Of Chairman's Job
October 11 2019 - 7:04PM
Dow Jones News
By Andrew Tangel
Boeing Co.'s board stripped Chief Executive Dennis Muilenburg of
his dual role as chairman on Friday following two deadly crashes of
its 737 MAX jet.
David Calhoun, a private-equity executive who has been the
board's lead director, will become its chairman, the company
said.
Mr. Calhoun said in a statement the board has "full confidence
in Dennis as CEO and believes this division of labor will enable
maximum focus on running the business with the board playing an
active oversight role."
(more to come)
(END) Dow Jones Newswires
October 11, 2019 18:49 ET (22:49 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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