Separating the CEO and chairman roles will let Muilenburg focus on getting the grounded jet back in the air, Boeing said in a statement Friday. The planemaker’s reputation and finances have been battered since two Max crashes killed 346 people and prompted a worldwide grounding. The Aerospace Safety Committee is part of a board-ordered safety push. Governance ActivistsCorporate-governance activists had already been clamoring to separate the chairman and CEO positions. Boeing LiferAn aerospace engineer by training and Boeing lifer, the CEO has served as the company’s public face throughout the Max crisis.

Source: Mint October 12, 2019 03:56 UTC