Dennis Muilenburg Continues As CEO, President And Director; Lead Director David Calhoun Elected Non-Executive Chairman

The Boeing Company Board of Directors has separated the roles of chairman and chief executive officer. Dennis A. Muilenburg continues as CEO, president and a director. The board elected David L. Calhoun, current independent lead director, to serve as non-executive chairman.  

The board said splitting the chairman and CEO roles will enable Muilenburg (pictured) to focus full time on running the company as it works to return the 737 MAX safely to service, ensure full support to Boeing's customers around the world, and implement changes to sharpen Boeing's focus on product and services safety. This decision is the latest of several actions by the board of directors and Boeing senior leadership to strengthen the company's governance and safety management processes.

Calhoun said, "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. The board also plans in the near term to name a new director with deep safety experience and expertise to serve on the board and its newly established Aerospace Safety Committee."

"I am fully supportive of the board's action. Our entire team is laser-focused on returning the 737 MAX safely to service and delivering on the full breadth of our company's commitments," said Muilenburg.

(Source: Boeing news release)

FMI: www.boeing.com