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Boeing Names Muilenburg CEO, Succeeding McNerney
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Dennis Muilenburg succeeds Jim McNerney as CEO of Boeing in July 2015. He is former head of Boeing's defense and space business. Muilenburg's challenges include reducing costs on the 787 Dreamliner, and adapting its defense business to the situation of cuts in U.S. defense spending for reducing the deficit. Muilenburg was made president and COO in Dec. 2013.
Dennis Muilenburg, new CEO of Boeing in July, 2015
06/23/2015
Former CEO McNerney will remain as chairman, and Boeing's strategy will remain in place. During McInerney's period as CEO Boeing experienced manufacturing delays on the Dreamliner and reduced the size of its defense business. A surge in orders for commercial planes from airlines puts Boeing well positioned for the future. The share price doubled during McInerney's 10 years as CEO. Muilenburg was head of the Defense and Space business before being made the new president of Boeing.
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