Boeing Appoints New CEO
In a press statement issued by Boeing, it has confirmed the appointment of Dennis A. Muilenburg as the company’s new president and chief executive officer, effective July 1. Muilenburg is said to be Boeing’s tenth chief executive as he succeeds W. James “Jim” McNerney, Jr. who is set to retire at the end of February 2016 after being a CEO for the past 10 years. The Wall Street Journal reports that McNerney is expected to continue his role as chairman until then.
Perhaps, the most known legacy McNerney will leave in Boeing is his ability to make the company the leading supplier of commercial airplanes all around the world when he took over as chairman, president and chief executive officer back in 2005. Moreover, McNerney was never turned off by the decrease in U.S. military spending as he also managed to keep Boeing strong in the defense markets. In fact, Boeing reports that under McNerney, they experienced a significant increase of 73% in revenue, amounting to $90.8 billion last year.
Of his successor, McNerney remarks, “As CEO, Dennis will bring a rich combination of management skills, customer focus, business and engineering acumen, a can-do spirit and the will to win. With a deep appreciation of our past accomplishments, and the energy and skill to drive those to come, he is well suited to lead our very talented Boeing team into its second century.”
Muilenburg is a 30-year company veteran who previously managed the Boeing Defense Space & Security company that is headquartered in St. Louis. Before that, he has also managed Boeing’s Global Services & Support business as well as the company’s Combat Systems division.
Muilenburg actually started in the company as an intern in Seattle back in 1985. He received a bachelor’s degree in aerospace engineering from Iowa State University as well as a master’s degree in aeronautics and astronautics from the University of Washington.
The Wall Street Journal reports that among Muilenberg’s goals as CEO will be the realization of the planned increase of its popular 737 Max jet while working on a revamp of the 777 jetliner. In its latest Orders & Deliveries report, Boeing states that the net order for its 737 as of June 16 is 203.
Meanwhile, another challenge that Muilenberg and the rest of the company will be facing is the recently filed lawsuit by four flight attendants who allege that toxic fumes leaked into a July 2013 flight caused devastating health effects, the LA Times has learned. The alleged leak was said to have occurred inside a Boeing 737-890 aircraft.
Four Alaska Airlines flight attendants – Vanessa Woods, Faye Oskardottir, Darlene Ramirez and Karen Neben – claim to have lost consciousness during a flight due to the alleged leak. It reportedly resulted in long-term medical problems that include “memory issues, tremors, blinding headaches, fatigue and gastrointestinal problems.” Furthermore, LA Times reports they could not reach a Boeing representative for comment.