On Monday, Boeing replaced CEO Dennis Muelbenberg.
Chairman David Calhoon will become the new CEO in January.
Lawrence Kelner tapped as chairman.
The company is struggling to regain the confidence of regulators, customers and the public after two fatal crashes of its best-selling plane, 737 Max.
On Monday, Boeing fired CEO Dennis Muelbenberg as the company struggled to regain the trust of regulators, customers and the public after two fatal crashes of its best-selling aircraft 737 Max, in which all 346 people were killed.
Chairman David Calhoon will become the new CEO of the producer on January 13. Board member Lawrence Kelner will become the non-executive chairman of Boeing’s board, which will take effect immediately.
Stock shares in prepaid trading increased by 2.5%.
The turmoil caused by the crash ate Boeing. Two accidents, including a federal criminal investigation into the development and certification of aircraft by the Federal Aviation Administration in 2017, provoked multiple investigations. Earlier this month, Boeing said it would suspend production of 737 MAX early next year.
The company’s board removed Muilenburg as chairman in October and said it could better focus on bringing Max back into service, a process that has been delayed by additional questions from regulators.
Boeing removed the head of its commercial airplane unit Kevin Kevin McAllister 11 days later. Stan Deal, a three-decade Boeing employee who recently led his global services business, replaced him.