Boeing board separates CEO, chairman roles

Boeing Co. BA, +1.06% said late Friday its board voted to separate the roles of chief executive and chairman. The aviation company said Dennis Muilenburg will continue as CEO, president and a board member, while David Calhoun, the current independent lead director, will become non-executive chairman.

"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," said Calhoun in a statement. "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.

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Boeing CEO loses chairman title as company separates roles after 737 Max crisisMnuchin said that the U.S. won't impose a new round of tariffs on imports of Chinese goods, which were set to go into effect Oct. 15. Should’ve lost his job the way his management pushed their engineers to cut safety measures on the Max to catch up to the Airbus single-aisle jet. Why not remove the guy altogether? $ba
Source: CNBC - 🏆 12. / 72 Read more »