Muilenburg out! Boeing Announces David L. Calhoun as its new President and CEO

Boeing Communications | Shared by Lynnwood Times

Boeing [NYSE: BA] announced today that its Board of Directors has named current Chairman, David L. Calhoun, as Chief Executive Officer and President, effective January 13, 2020. Mr. Calhoun will remain a member of the Board. In addition, Board member Lawrence W. Kellner will become non-executive Chairman of the Board effective immediately. 

(L-R) Dennis A. Muilenburg and David L. Calhoun

The Company also announced that Dennis A. Muilenburg has resigned from his positions as Chief Executive Officer and Board director effective immediately. Boeing Chief Financial Officer Greg Smith will serve as interim CEO during the brief transition period, while Mr. Calhoun exits his non-Boeing commitments.

The Board of Directors decided that a change in leadership was necessary to restore confidence in the Company moving forward as it works to repair relationships with regulators, customers, and all other stakeholders.

Under the Company’s new leadership, Boeing will operate with a renewed commitment to full transparency, including effective and proactive communication with the FAA, other global regulators and its customers.

“On behalf of the entire Board of Directors, I am pleased that Dave has agreed to lead Boeing at this critical juncture,” Mr. Kellner said.  He added, “Dave has deep industry experience and a proven track record of strong leadership, and he recognizes the challenges we must confront. The Board and I look forward to working with him and the rest of the Boeing team to ensure that today marks a new way forward for our company.”

Mr. Calhoun said, “I strongly believe in the future of Boeing and the 737 MAX. I am honored to lead this great company and the 150,000 dedicated employees who are working hard to create the future of aviation.”

Larsen Statement on Resignation of Boeing CEO Dennis Muilenburg

United States Congressman Rick Larsen (WA-02)
United States Congressman Rick Larsen (WA-02)

WASHINGTON, D.C. – Today, House Aviation Subcommittee Chair Rick Larsen (WA-02) issued the following statement on news of the resignation of Boeing CEO Dennis Muilenburg:

“Nothing is more important than the safety of the traveling public. As Chair of the Aviation Subcommittee, I remain committed to the thorough oversight of the 737 MAX certification process and ensuring the aircraft’s safe return to service.

“The Committee’s oversight investigation will continue into 2020. I will continue to keep the 346 victims of the two tragic 737 MAX crashes and their families at the forefront, as well as the dedicated women and men of Boeing who design, assemble and build the aircraft.

“Finally, the 737 MAX should not return to service until the FAA determines it is safe to do so. The Committee will continue to work with FAA Administrator Dickson and his team on safety while it also explores changes to the certification process for the future.”

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