INSUBCONTINENT EXCLUSIVE:
Muilenburg is CEO no longer, the company announced today
Effective January 13, 2020, current Board Chairman David L
Calhoun takes over the top executive officer spot at the aerospace company, and becomes president, as well.
This is far from a surprising
decision: Boeing year has been marked primarily by its handling of the 737 Max issues it faced, which stemmed from aircraft failures that
resulted in crashes and the deaths of passengers
Boeing has taken steps to address the crisis and its fallout, including putting $100 million into a fund to be distributed to the families
and communities surrounding the victims of 737 Max crashes
It also recently halted production of new 737 Max aircraft, pending its recertification for service.
In a statement announcing the
leadership change today, Boeing new incoming CEO Calhoun said that he &strongly believes in the future of Boeing and the 737 MAX,& and one
of the headline priorities listed by the companies was &safely returning the 737 MAX to service.& The release also declared a &renewed
commitment to full transparency, including effective and proactive communication with the FAA, other global regulators and its
customers.&
Though not mentioned, Boeing also had another setback just this week, as its Starliner CST-100 commercial crew spacecraft failed
to execute an automated maneuver during its first test flight to the International Space Station, resulting in a premature termination of
