Boeing fires embattled CEO Dennis Muilenburg after series of missteps

Boeing CEO Dennis Muilenburg has been fired, the company announced Monday morning. David Calhoun was named new CEO. The Muilenburg’s ousting announcement comes after series of missteps by the company in wake of 737 Max crisis and over the Boeing Starliner’s failed mission to the International Space Station.

CFO Greg Smith will serve as interim CEO until Calhoun takes on the role on January 13, according to the news release. With the “new leadership,” Boeing said in a statement, the company “will operate with a renewed commitment to full transparency, including effective and proactive communication with the FAA, other global regulators and its customers.”

Boeing has been trying to regain its footing after the crashes of two passenger jets that killed 346 people and prompted a global grounding of the 737 Max aircraft. Boeing will “operate with a renewed commitment to full transparency, including effective and proactive communication with the FAA, other global regulators and its customers,” the company wrote in a press release.

“I strongly believe in the future of Boeing and the 737 MAX. I am honored to lead this great company and the 150,000 dedicated employees who are working hard to create the future of aviation,” Calhoun said in a prepared statement. Additionally, Board member Lawrence Kellner becomes the non-executive chairman of the Board.