Boeing CEO is out, successor named

Saying that new leadership would bring renewed commitment to transparency and communication, The Boeing Co. announced Dec. 23 that Dennis Muilenburg is out as CEO and current board chairman David Calhoun will become the company’s new CEO and president.

Boeing (NYSE: BA) stock trading was halted the morning of Dec. 23 before the news was announced.

Calhoun will take over the position starting Jan. 13. In the meantime, CFO Greg Smith will serve as interim CEO.

A news release from the company…