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The Board of Directors of Boeing has made major leadership changes in the company.  A statement released to the general public disclosed that David L. Calhoun has been named Chief Executive Officer and President of the company while Lawrence W. Kellner was appointed as non-executive Chairman of the Board.

The appointments, which will reportedly take effect on January 13, 2020, follows the resignation of Dennis A. Muilenburg as Chief Executive Officer and Board director.

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According to the statement announcing the leadership change, Boeing’s Chief Financial Officer, Greg Smith would serve as interim CEO during the brief transition period while Calhoun exits his non-Boeing commitments.

Boeing made known that it had become pertinent for it to change leaderships because it wanted to restore confidence in the Company moving forward as it works to repair relationships with regulators, customers, and all other stakeholders.

It assured that under the Company’s new leadership, it would operate with a renewed commitment to full transparency, including effective and proactive communication with the FAA, other global regulators and its customers.

[READ MORE: Interlinked Technologies Plc appoints new Director)

Speaking on the appointment, Kellner said, “On behalf of the entire Board of Directors, I am pleased that Dave has agreed to lead Boeing at this critical juncture, Dave has deep industry experience and a proven track record of strong leadership, and he recognizes the challenges we must confront. The Board and I look forward to working with him and the rest of the Boeing team to ensure that today marks a new way forward for our company.”

Also commenting on the appointment was Calhoun who expressed optimism on his new role and the future of the aerospace company.

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“I strongly believe in the future of Boeing and the 737 MAX. I am honoured to lead this great company and the 150,000 dedicated employees who are working hard to create the future of aviation.”

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