Boeing CEO Loses Chairman Job

Topline: Boeing CEO Dennis Muilenburg is no longer chairman of the company’s board, Boeing announced Friday. He remains CEO. 

  • David Calhoun, previously the board’s lead director, will replace Muilenburg as chairman.
  • The change will let Muilenburg focus full time on running the company as it works to return the 737 MAX safely to service, Boeing said.

Crucial quote: “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,” Calhoun said in a statement.

Key background: Boeing has been embroiled in controversy since two deadly crashes involving its 737 MAX jet resulted in the loss of 346 lives over the last year. Boeing grounded the 737 MAX in response, and it’s still working to fix a component of the plane’s automated flight controls called the maneuvering characteristics augmentation system, or MCAS.

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I’m a San Francisco-based reporter covering breaking news at Forbes. Previously, I’ve reported for USA Today, Business Insider, The San Francisco Business Times and San

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