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Boeing BoD divides CEO and chairman roles

14 Oct 2019

The Boeing Company's board of directors has decided to separate the roles of chairman and chief executive officer of the company, a dual role which had been fulfilled by Dennis A. Muilenburg. Muilenburg will continue as CEO, president and a director. The board has elected David L. Calhoun, current independent lead director, to serve as non-executive chairman.

Boeing BoD divides CEO and chairman roles

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.