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Muilenburg to replace McNerney as Boeing CEO

Dennis Muilenburg has been chosen by Boeing’s board of directors to become the company's 10th chief executive, succeeding Jim McNerney, who has held the position for the past 10 years and who will continue as the company’s chairman.

Muilenburg, who has served as Boeing president and chief operating officer since 2013, takes over the CEO role on 1 July.

To ensure a smooth transition of his CEO responsibilities to Muilenburg, McNerney will continue working as a company employee until retiring at the end of February 2016, and continue advocating on issues important to Boeing's US and global customers, partners and stakeholders, including ongoing Washington, DC, engagement. Kenneth M. Duberstein, Boeing's independent lead director, continues in that capacity, and Muilenburg has been elected a member of the board.

Muilenburg is a 30-year company veteran. Along with Boeing Commercial Airplanes President and CEO Ray Conner, he also has been company vice-chairman since 2013. Conner remains in charge of the Commercial Airplanes unit and will serve as sole company vice-chairman, where he will continue working closely with Muilenburg on key corporate processes and integrating cross-enterprise strategies and efficiencies.

Muilenburg joined Boeing's engineering ranks as an intern in Seattle in 1985. He earned a bachelor's degree in aerospace engineering from Iowa State University and a master's in aeronautics and astronautics from the University of Washington. He held numerous programme management and engineering positions of increasing responsibility early in his career, including on the company's High Speed Civil Transport, F-22, Airborne Laser and Condor reconnaissance aircraft.

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