As recently as Friday, the Boeing board was standing by Mr. Muilenburg. At a board meeting in Chicago last week where the production shutdown was deliberated, there was no talk of removing him, according to two people familiar with the matter. On Friday, a company spokesman said Mr. Calhoun still stood by comments he made in November, saying the board supported Mr. Muilenburg.
But over the weekend, simmering frustration with Mr. Muilenburg’s performance came to a head.
Boeing said in a statement that its board of directors “decided that a change in leadership was necessary to restore confidence in the company moving forward as it works to repair relationships with regulators, customers, and all other stakeholders.”
On Monday morning, Mr. Smith sent a note to employees saying that Boeing would “proceed with a renewed commitment to full transparency, including effective and proactive communications with the F.A.A., other global regulators and our customers.”
“This has obviously been a difficult time for our company, and our people have pulled together in extraordinary ways,” Mr. Smith added in the note, a copy of which was reviewed by The New York Times. “Over the next few weeks as we transition to new leadership, I am committed to ensuring above all that we meet the needs of our stakeholders — especially our regulators, customers and employees — with transparency and humility.”
This is a developing story. Check back for updates.
Source Article from https://www.nytimes.com/2019/12/23/business/Boeing-ceo-muilenburg.html
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