Boeing names new board Chairman in setback to CEO
Boeing CEO Dennis Muilenburg has lost his title as Chairman of the troubled aircraft manufacturer, nearly a year after the first of two crashes of its 737 Max that together killed 346 people. Boeing announced late on Friday that company directors decided to separate the two jobs and elected one of their own, David L. Calhoun, to serve as non-executive chairman.
Earlier on Friday, a panel of international aviation regulators issued a report critical of Boeing and the Federal Aviation Administration over how the Max was approved to fly. The group said Boeing failed to adequately inform the FAA about changes to a key flight-control system implicated in the accidents. Muilenburg said in a statement that he supported splitting the CEO and chairman jobs.
