Boeing CEO Dennis Muilenburg left his position in the aeronautical company and his position was taken by David Calhouna from January. The departure from Muilenburg comes after the flight ban of the company's flagship product, the 737 MAX aircraft, after two fatal accidents in less than six months.
Although Boeing says Muilenburg submitted his resignation, media such as The New York Times They claim that he was fired as part of a strategy to restore trust and repair relationships with regulators, customers and shareholders. Muilenburg also lost his place on the board.
The Board of Directors [of Boeing] decided that a change in leadership was necessary to restore confidence in the Company as it works to repair relations with regulators, customers and all other stakeholders, the company wrote in a statement on the changes in leadership, the company said in a statement.
The announcement caused Boeing shares to rebound 3% on Monday. Boeing announced that there will be a brief transition period while Calhoun abandons his non-Boeing commitments, during which the company's chief financial officer, Greg Smith, will serve as interim CEO.
The two accidents of the new Boeing 737 MAX -8 occurred less than five months were Ethiopian Airlines flight 302 that crashed on March 10, 2019 and killed the 157 people on board. Lion Air Flight 610 crashed shortly after takeoff near the coast of Indonesia on October 29, 2018, killing the 189 people on board.