News: Boeing Company splits CEO and Chairman roles

C-Suite

Boeing Company splits CEO and Chairman roles

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.
Boeing Company splits CEO and Chairman roles

The Boeing Company announced that its Board of Directors has separated the roles of Chairman and Chief Executive Officer. Dennis A. Muilenburg continues as CEO, President and 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 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.

Boeing is the provider of commercial airplanes, defense, space and security systems, and global services. The company supports commercial and government customers in more than 150 countries. Boeing employs more than 150,000 people worldwide and leverages the talents of a global supplier base. Building on a legacy of aerospace leadership, Boeing continues to lead in technology and innovation, deliver for its customers and invest in its people and future growth.

 

 

 

Image credit: Twitter

Topics: C-Suite, Leadership

Did you find this story helpful?

Author

QUICK POLL

Is India Inc ready to support the gig economy?

On News Stands Now
q_auto,f_auto/v1573046219/mag-november-2019.jpg

Subscribe now to the All New People Matters in both Print and Digital for 3 years.

.

Subscribe
And Save 59%

Subscribe now

How likely are you to recommend our content to a friend or colleague?

01
10
Selected Score :