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Former Boeing CEO Muilenburg resigns from Caterpillar board

Published 01/27/2020, 04:59 PM
Updated 01/27/2020, 05:04 PM
Former Boeing CEO Muilenburg resigns from Caterpillar board

(Reuters) - Caterpillar Inc (N:CAT) said on Monday former Boeing Co (N:BA) Chief Executive Officer Dennis Muilenburg had resigned from its board.

Caterpillar said in a regulatory filing http://www.sec.gov/Archives/edgar/data/18230/000001823020000015/0000018230-20-000015-index.htm that Muilenburg's resignation, which is effective immediately, was not due to any disagreement with the company.

Muilenburg joined the board in 2011.

Boeing fired Muilenburg last month after repeatedly failing to contain the fallout from a pair of fatal crashes that halted output of its best-selling 737 MAX jetliner and tarnished its reputation with airlines and regulators.

Latest comments

The issue here is to increase profit. Therefore corners were cut.
Dennis Muilenburg was never the issue at Boeing. So long Denis.
The issue is greed. Need to meet profit target to get bonus.
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