Boeing Sacks CEO Mullenberg

Amidst an un-ending scandal involving the 737 Max airplane, Boeing has replaced Dennis A. Muilenburg with David L. Calhoun, as Chief Executive Officer and President.

"Dennis A. Muilenburg has resigned from his positions as Chief Executive Officer and Board director. Boeing announced today that its Board of Directors has named current Chairman, David L. Calhoun, as Chief Executive Officer and President, effective January 13, 2020. Mr. Calhoun will remain a member of the Board," the company in a statement Monday.

Board member Lawrence W. Kellner will become non-executive Chairman of the Board effective immediately. Boeing Chief Financial Officer Greg Smithwill serve as interim CEO during the brief transition period, while Mr. Calhoun exits his non-Boeing commitments.

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."

"I strongly believe in the future of Boeing and the 737 MAX. I am honored to lead this great company and the 150,000 dedicated employees who are working hard to create the future of aviation," Calhoun said.

In 2018, all 346 people on board the two flights- a Lion Air 737 Max 8, and the same model operated by Ethiopian Airlines in March- were killed in the crashes, causing worldwide grounding of Boeing MAX planes.

The change in the leadership has come a week after Boeing announced a “temporary” halt to production of 737-Max passenger jets. The company said it is prioritizing delivery of 400 aircraft kept “in storage” which had not been picked up by Airlines due to lack of safety clearance.

Under the Company's new leadership, Boeing said it will operate with a "renewed commitment to full transparency, including effective and proactive communication with the FAA, other global regulators and its customers."