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Boeing names Muilenburg in CEO succession

US planemaker Boeing has announced that its chief operating officer, Dennis Muilenburg, will become the company's next chief executive, replacing James McNerney who is stepping down at the end of the month.

Dennis Muilenburg, 51, is a Boeing veteran who has served the company for more than 30 years. Since 2013, he's held the post of Boeing president and chief operating officer.

On Tuesday, the board of directors named Muilenburg as chief executive as the US aerospace giant prepares for the retirement of current CEO James McNerney.

McNerney, 65, will retire at the end of the month. He has headed the company for the past 10 years and is scheduled to stay on as the chairman of the board of directors, helping ensure the smooth transfer of CEO responsibilities.

"Dennis is an extremely capable, experienced and respected leader with an immense passion for our company, our people, and our products and services," McNerney said in the statement.

Under his current responsibilities, Muilenburg shares with McNerney oversight of day-to-day business operations. Prior to this he served as president and CEO of Boeing Defense Space & Security.

"As CEO, Dennis will bring a rich combination of management skills, customer focus, business and engineering acumen, a can-do spirit and the will to win. With a deep appreciation of our past accomplishments, and the energy and skill to drive those to come, he is well-suited to lead our very talented Boeing team into its second century," McNerney added in his statement.

Muilenburg joined the company as an intern 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.

uhe/br (dpa, AFP, Reuters)

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