Dennis Muilenburg, Chief Executive of Boeing, speaks during a press conference after the Annual General Meeting at the Field Museum on April 29, 2019 in Chicago, Illinois. Boeing announced that its first-quarter earnings were down 21 percent after the best-selling 737 Max crashed several times. (Photo by Jim Young-Pool / Getty Images)
Jim Young | Getty Images News | Getty Images
Boeing's board has dismissed CEO Dennis Muilenburg as chairman so he can focus on managing the company after the 737 Max Crisis, the company said on Friday. Within five months, there were fatal crashes involving A total of 346 people were killed.
The manufacturer is trying to get the regulators to get their 737 Max aircraft flying again. They have been on the ground since mid-March after the second of the two crashes, an Ethiopian Airlines flight with 1
Boeing said the changes would allow Muilenburg to focus on bringing Max back into service and that senior director David Calhoun will act as non-executive chairman.
"The Board fully relies on Dennis as CEO and believes that this division of labor will allow for maximum focus on running the business, with the Board of Directors exercising an active oversight role," Calhoun said in The Statement.
Muilenburg said he fully supports the board's decision statement.
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