Boeing’s decision to strip CEO Dennis Muilenburg of his role as chairman is too little, too late. Events at Wells Fargo suggest more radical changes are needed, writes rob_cyran.
Boeing said on Oct. 11 that its board had separated the roles of chairman and chief executive. Dennis Muilenburg, who previously held both titles, continues as CEO. David Calhoun, who was previously independent lead director, is now non-executive chairman.
The board said splitting the roles “will enable Muilenburg to focus full time on running the company as it works to return the 737 MAX safely to service, ensure full support to Boeing's customers around the world, and implement changes to sharpen Boeing's focus on product and services safety.”Muilenburg is set to testify in front of a congressional panel on Oct. 30.
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