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Dennis Muilenburg stripped of Boeing chairmanship

Boeing has stripped Dennis Muilenburg of his chairmanship of the crisis-hit aircraft manufacturer, keeping him on as chief executive but elevating David Calhoun, its senior independent director, to head the board.

The move came hours after the release of a critical report which found that Boeing had not been clear enough in explaining to regulators an automated system which has been blamed for the fatal crashes of two of its 737 Max jets in the past year.

In May Mr Calhoun told the Financial Times that the board had no intention of splitting Mr Muilenburg’s roles. 

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