Boeing: sacks CEO, shares jump
(CercleFinance.com) - Boeing ousted its chief executive of four years on Monday, in the latest episode of the 737 crisis that battered the shares by almost 10% over the last three months.
The US planemaker announced that Dennis Muilenburg has resigned both from his positions of CEO and board director, effective immediately.
Its board of directors has named current chairman David Calhoun as chief executive officer, effective 13 January 2020, the group said.
Chief financial officer Greg Smith will serve as interim CEO during the transition period, while David Calhoun exits his non-Boeing commitments.
In a statement, Boeing said that it has decided that a change was necessary to restore confidence in the company moving forward as it works to return the 737 MAX to service and repair relationships with regulators, customers, and shareholders.
The NYSE-listed shares were up 3% in morning trading.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The US planemaker announced that Dennis Muilenburg has resigned both from his positions of CEO and board director, effective immediately.
Its board of directors has named current chairman David Calhoun as chief executive officer, effective 13 January 2020, the group said.
Chief financial officer Greg Smith will serve as interim CEO during the transition period, while David Calhoun exits his non-Boeing commitments.
In a statement, Boeing said that it has decided that a change was necessary to restore confidence in the company moving forward as it works to return the 737 MAX to service and repair relationships with regulators, customers, and shareholders.
The NYSE-listed shares were up 3% in morning trading.
Copyright (c) 2019 CercleFinance.com. All rights reserved.