Boeing CEO Dennis Muilenburg will no longer serve as chairman of the board of directors as he focuses on returning "the 737 MAX safely to service," the company announced in a Friday press release.
Where it stands: Boeing is separating the roles of chairman and CEO. David Calhoun, Boeing's current independent lead director, will take on the role of elected non-executive chairman, as Muilenburg stays on as president and director.
The big picture: Muilenburg is scheduled to testify in front of Congress on Oct. 30 to address the two Boeing 737 MAX 8 crashes in Indonesia and Ethiopia that killed 346 people over the past year.
- A panel convened by the Federal Aviation Administration found on Friday that the Boeing 737 flight control system — suspected of causing both crashes — was not evaluated in concert with other systems.
Go deeper: What we've learned from the Boeing 737 MAX crashes
