(Corrected spelling of Muilenburg's name.)
Boeing says Chief Executive Jim McNerney will turn over the reins to Dennis Muilenburg, who has served as the aerospace company’s president and chief operating officer since 2013. Muilenburg will take over on July 1st.
McNerney will stay on as chairman of the board and will work at the company to help with the transition until he retires at the end of February 2016, the company said in a statement. Muilenburg has been elected a member of the board.
Muilenburg is 51 and has worked for Boeing for 30 years. He joined Boeing as an engineering intern in Seattle in 1985 and centered his career in the company’s defense business. He headed Boeing’s Defense Space and Security business from 2009 until 2013.
But the commercial airplane side of the company is where Muilenburg faces a number of decisions to make soon, said aviation analyst Scott Hamilton.
Decisions To Make
"The more pressing issues for Dennis are going to be what to do about the 747 production rate and whether or not to even continue the program," Hamilton said. Muilenburg will also have to decide "whether or not to acknowledge what everybody else already believes is going to happen and that is a rate reduction on the 777 classic in advance of the 777X."