Dennis Muilenburg
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Boeing CEO Dennis Muilenburg out as 737 Max fallout continues
Following the months-long fallout from the two fatal 737 Max crashes that killed 346 people, Boeing CEO Dennis Muilenburg is stepping down from his position as the top executive at the aerospace manufacturer. Boeing announced the change in a press release on Monday. Muilenburg will be replaced by David Calhoun, the company's current chairman of the board, on January 13th, with CFO Greg Smith leading the company during the short interim period. From the wording in Boeing's press release, it sounds like Muilenburg resigned after it became clear that the board no longer had confidence in his leadership.
Boeing says its 737 Max software update is complete
Today, Boeing announced that it has completed the software update to its 737 Max planes. The update is meant to correct the software flaws that contributed to the Lion Air and Air Ethiopia crashes that killed 346 people in total. The update was expected in April, but Boeing needed extra time to guarantee that it had "identified and appropriately addressed" the problems that led to those crashes.
