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Boeing stockholders re-elect outgoing CEO Dave Calhoun to board

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Dave Calhoun News

Boeing,Justice Department,Annual Shareholder Meeting

Boeing stockholders decided Friday that CEO Dave Calhoun can stay on the company's board despite an unfolding crisis that started under his watch.

During the plane maker’s annual shareholder meeting on Friday, shareholders voted for Calhoun to remain as a director, along with 10 independent board nominees.

The Justice Department told a judge this week that Boeing has violated an earlier deferred prosecution agreement that allowed it to avoid criminal prosecution after after two catastrophic crashes of Boeing’s 737 Max aircraft in 2018 and 2019. Those crashes, which happened while his predecessor Dennis Muilenburg was CEO, killed all 346 passengers and crew on board.

 

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