Boeing CEO ousted as 737 MAX crisis deepens

Monday, 23 December 2019 18:28

Boeing has announced that Chief Executive Officer Dennis Muilenburg is stepping down.

It comes as the planemaker suffered a series of setbacks with its 737 Max jetliner following twin fatal crashes.

"The Board of Directors decided that a change in leadership was necessary to restore confidence in the Company moving forward as it works to repair relationships with regulators, customers, and all other stakeholders," a statement from the firm read.

Chairman David Calhoun will take over as chief executive and president from January 13.

More from Business

Creative industries 'key to future growth', WGS-FTI report says

Cultural and creative industries should be treated as a core pillar of national economic strategy, according to a new report launched by FTI Consulting in partnership with the World Governments Summit.
TECOM Group posts strong 2025 results as revenues and profits rise

Dubai-based TECOM Group has reported a strong financial performance for 2025, driven by rising demand across its commercial, industrial and land portfolios.
Family businesses urged to rethink investment, philanthropy at Dubai summit

Family-owned businesses are being encouraged to take a more active role in shaping sustainable investment and social impact, as leaders met in Dubai to discuss how family wealth can be positioned for the future.
UAE-Vietnam CEPA enters into force

The Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Vietnam has officially come into force, with an aim to "unlock investment opportunities in vital sectors such as renewable energy, technology and agriculture".