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It’s not just Boeing. More companies are splitting CEO and chairman roles

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Dennis Muilenburg, chief executive officer of Boeing Co., listens during a Senate Commerce, Science and Transportation Committee hearing in Washington, D.C., U.S., on Tuesday, Oct. 29, 2019.

Bloomberg | Bloomberg | Getty Images

Boeing‘s board stripped CEO Dennis Muilenburg of his chairmanship on Oct. 11, as the company struggles with the aftermath of two crashes of its best-selling plane, the 737 Max.

While that crisis is specific to Boeing, separating the two roles is becoming more common among large corporations, and some experts say it’s an overdue shift that could improve accountability.

“It doesn’t make much sense to have the person who’s being monitored by the board to chair the group…



Source cnbc.com

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