David Calhoun, chairman of Boeing (NYSE: BA), will assume the president and CEO roles at the Chicago-based aerospace and defense company beginning on Jan. 13.
He will continue to serve on the board of directors and succeed Dennis Muilenburg, who stepped down from his posts as CEO and board director, Boeing said Monday.
Greg Smith, chief financial officer at Boeing, will serve as acting CEO during the transition, while Lawrence Kellner, a board member, has been selected to replace Calhoun as the board™s non-executive chairman.
The leadership changes seek to reflect the company™s efforts to further advance transparency and proactive communications with regulators, clients and other stakeholders as it works to return the 737 Max aircraft to service.
Calhoun was named non-executive chairman in October after Boeing decided to separate the chairman and CEO roles in an effort to strengthen the firm™s safety management practices and governance.
