Intl panel criticizes FAA's review of Max as CEO loses chairman role

Dennis Muilenburg remained as CEO but lost his second title as Boeing chairman on the same day that an international panel of regulators criticized the US Federal Aviation Administration, or FAA, for its review of the Boeing 737 Max's anti-stall system. That system has been implicated in two crashes that killed a total of 346 passengers and crew in 2018 and 2019.

The board on Friday removed Muilenburg as chairman so he can focus on running Boeing after the 737 Max crisis, the company said. But Muilenburg remains CEO of the company, as well as its president and director.

Earlier on Friday, a panel of international aviation regulators issued a report critical of the process by which Boeing and the FAA gave the Max approval to fly. The group said Boeing failed to adequately inform the FAA about changes to a key flight-control system.