Boeing CEO Dennis Muilenburg Resigned After 737 MAX Crisis

On December 23, Boeing decided to part ways its CEO Dennis Muilenburg after long and intense scrutiny and company struggle to regain the trust of regulators, customers and the public after 2 crashes of the brand's 737 MAX, which caused the death of 346 people.

On December 17, Boeing announced that it'll suspend the production of 737 MAX starting from January 2020; this decision was highly related to the announcement of the Federal Aviation Administration (FAA) saying that they don't plan to lift a flight ban this year.

SEE ALSO: BOEING RECEIVES FIRST ORDER FOR 737 MAX 8 SINCE ITS GROUNDING

After this statement, Boeing said that it doesn't plan to lay off any workers at the Renton, Washington factory where 737 MAX is produced. 

Dennis Muilenburg, who became the CEO of the company in 2015, will be replaced by David L. Calhoun, who's the chairman of Boeing’s board of directors. 

Lawrence W. Kellner who will become non-executive Chairman of the Board said, "On behalf of the entire Board of Directors, I am pleased that Dave has agreed to lead Boeing at this critical juncture. Dave has deep industry experience and a proven track record of strong leadership, and he recognizes the challenges we must confront. The Board and I look forward to working with him and the rest of the Boeing team to ensure that today marks a new way forward for our company."

David L. Calhoun, who'll become the CEO and President of the company starting from January 13, 2020, said, "I strongly believe in the future of Boeing and the 737 MAX. I am honored to lead this great company and the 150,000 dedicated employees who are working hard to create the future of aviation."

The story is developing...