Boeing has announced that Chief Executive Officer Dennis Muilenburg is stepping down.
It comes as the planemaker suffered a series of setbacks with its 737 Max jetliner following twin fatal crashes.
"The Board of Directors decided that a change in leadership was necessary to restore confidence in the Company moving forward as it works to repair relationships with regulators, customers, and all other stakeholders," a statement from the firm read.
Chairman David Calhoun will take over as chief executive and president from January 13.
DP World launches 36-hour Dubai-Iraq sea link
Parkin expands into Abu Dhabi under partnership with DAMAC
Dubai hosts Sustainable Bio International Forum
TerraUSD creator Do Kwon sentenced to 15 years over $40 billion crypto collapse
