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Boeing Ousts CEO, Picks Chairman to Map Exit From Max Crisis

  • Board vote to replace Muilenburg was unanimous, person says
  • Calhoun to take reins Jan. 13 in bid to ‘restore confidence’
Bloomberg business news
Dennis Muilenburg is out as CEO at Boeing.Bloomberg: The Open." Sutherland’s opinions are her own. (Source: Bloomberg)
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Dennis Muilenburg was ousted as chief executive officer of Boeing Co., a once-unthinkable turning point for a U.S. industrial champion now engulfed in turmoil after two deadly crashes of its top-selling 737 Max jetliner.

David Calhoun, a General Electric Co. veteran who had served as chairman since October, will replace Muilenburg as CEO and president Jan. 13, Boeing said in a statement Monday. The move followed a rare public rebuke earlier this month by the U.S. Federal Aviation Administration. Just last week, Boeing said it would temporarily halt output of the Max, which has been grounded since March.