Will Boeing Be Able to Replace an Icon?

24/7 Wall St.

Boeing 787_10Boeing Co. (NYSE: BA) late Tuesday named president and Chief Operating Officer Dennis Muilenburg to replace Jim McNerney as chief executive officer of the company effective July 1. McNerney has held the top job at Boeing since 2005 but has reached the company’s mandatory retirement age of 65. McNerney will remain as chairman until the end of next February.

Muilenburg has had a 30-year career with Boeing, leading the Defense and Space Systems group before being named chief operating officer in 2013.

While Muilenburg should get more attention, the opportunity to look back over McNerney’s career as Boeing’s leader is too good to pass up. When he took over in 2005, the company had replaced two CEOs in four years. Phil Condit resigned as chief executive in 2003 following a scandal over the U.S. Air Force tanker program. He was followed by Harry Stonecipher, who came out of retirement in…

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Will Boeing Be Able to Replace an Icon?

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