Boeing on Monday replaced its embattled chief executive, Dennis Muilenburg, saying a change was necessary as it attempts to restore its reputation amid the protracted 737 MAX crisis.
Boeing named board Chairman David Calhoun as chief executive and president, saying the company needed to "restore confidence" and "repair relationships with regulators, customers and all other stakeholders."
After enduring two withering congressional hearings in the fall, Muilenburg's leadership came under further scrutiny this month when the Federal Aviation Administration called the company out for overly-optimistic timeframe for restoring the MAX that the agency said created the perception that Boeing was trying "to force FAA into taking quicker action."
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