Boeing’s CEO is stepping down with no end in sight for a crisis that has enveloped the manufacturer and its marquee aircraft, the Max 737.
The Chicago manufacturer said Monday that Dennis Muilenburg will depart immediately. The board’s current chairman David Calhoun will officially take over on January 13.
The Max was grounded worldwide after two crashes — one in October 2018 off the cost of Indonesia and another in March 2019 in Ethiopia — which killed a combined total of 346 people. The company’s board said a change in leadership is needed to restore confidence in the company as it works to repair relationships with regulators and stakeholders.