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After a troubled year with two crashes of its new 737 Max 8 aircraft, Boeing’s board of directors has stripped CEO Dennis Muilenburg of his position as chairman.
Muilenburg will remain on as CEO of the company, focusing his efforts on returning the manufacturer’s beleaguered 737 Max 8 to safe service. The aircraft has been grounded since March.
In a statement released Friday afternoon, the jet manufacturer said the decision was made so Muilenburg could “focus full-time on running the company as it works to return the 737 Max safely to service, ensure full support to Boeing’s customers around the world, and implement changes to sharpen Boeing’s focus on product and services safety.”
“I am fully supportive of the board’s action.
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