Boeing fired its CEO Dennis Muilenburg as the world’s largest aerospace company and leading commercial jetliner manufacturer continues to struggle to restore consumer and regulator’s confidence due to the ongoing 737 Max crisis.
The 737
The company is currently in the process of obtaining regulatory approvals to safely returning the 737 Max to service. The company still needs to fulfill all the requirements and answer all questions by regulators get certification for the airplane airplane to return to service.
In June, the Federal Aviation Administration (FAA) said it will only lift its grounding order once it determines that the 737 Max is safe.
In a statement on Monday, Boeing said Muilenburg will vacate his positions as CEO and Board Director effective immediately. The company’s Chief Financial Officer Greg Smith will serve as interim CEO during a brief transition period.
Boeing’s current Chairman David Calhoun will serve as its CEO and President effective January 13, 2020. He will remain member of the company’s Board. The brief transition period will allow Mr. Calhoun to exit his non-Boeing commitments.
