Dennis Muilenburg

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Dennis Muillenburg (2011)

Dennis A. Muilenburg (* 1964 in Orange City , Iowa ) is a US -American manager and engineer.

Life

Muilenburg studied aerospace engineering ( Aerospace Engineering ) at the Iowa State University (bachelor's degree) and at the University of Washington (master's degree). Since 1985, Muilenburg worked for the US aircraft manufacturer Boeing . As an engineer, he was involved in the X-32 and Boeing's stake in the Lockheed Martin F-22 Raptor, the YAL-1 Airborne Laser , the High Speed ​​Civil Transport (HSCT) project and the Boeing Condor experimental reconnaissance drone . He was Vice President of the Military Division of Boeing (Combat Systems Division) and President and CEO of Boeing Integrated Defense Systems (called Boeing Defense, Space & Security, BDS, from 2009). Since July 2015, Muilenburg has succeeded James McNerney as President and CEO of the Boeing Group. In 2016 he also became Chairman of the Board of Directors . In 2018 he was elected to the National Academy of Engineering .

He was named Person Of The Year 2018 by the industry journal Aviation Week . At this point in time, Lion Air Flight 610 , an almost brand-new Boeing 737 MAX 8 , had crashed into the Java Sea off the coast and all 189 people on board died. On March 10, 2019, another Boeing 737 MAX 8, Ethiopian Airlines flight 302 , crashed , killing 157 passengers and crew. Operating bans have been issued for all 737 MAX versions worldwide. The cause of both crashes turned out to be difficulties with the Maneuvering Characteristics Augmentation System (MCAS) newly introduced in the 737 and its angle of attack sensors, which should actually indicate dangerous flight conditions to the pilot by intervening in the elevator trim , but due to a malfunction a trim condition in the direction of the nose deep "which could no longer be controlled by crews who were not specifically trained. This was followed by massive criticism from shareholders, production slumps and the highest quarterly loss in Boeing's history. In July 2019, the New York Times defined the Boeing crisis as a "failure of leadership".

In October 2019, several parties called for the resignation of Muilenburg and Boeing CFO Greg Smith. On December 11th, Muilenburg had to hand over the role of Chairman to David Calhoun , but initially remained CEO.

The Boeing 737 MAX was not commissioned by Muilenburg, but by its predecessor, and he was not solely responsible for the company's changed direction. Since the mid-1990s, there has been a gradual change from engineering skills to orientation towards the stock market price, which ended in 2011 with the decision in favor of the cost-effective further development of the 737 MAX - and against a completely new model. “In a subtle way, cost containment and sophisticated technical abbreviations became the company's greatest concern”. Muilenburg was responsible for a fragile error management system, in which “workers and suppliers could no longer feel sure whether they should report technical difficulties or doubts [regarding safety] to their superiors”. And when concerns were raised, they were consistently ignored in at least one case, three times in a row. Most recently, at the end of 2018, the dividend was raised to a record value of US $ 2.055 and a share buyback program of US $ 20 billion was started to support the share price in the medium term. Muilenburg, for example, received $ 23.3 million in compensation in 2018. 13 million of these came from bonuses that are based, among other things, on earnings per share.

On December 23, 2019, Boeing announced that Muilenburg is also stepping down from his position as CEO with immediate effect. David Calhoun will be his successor as CEO with effect from January 13, 2020.

Web links

Commons : Dennis Muilenburg  - Collection of images, videos and audio files

Individual evidence

  1. ^ AP: Boeing names new chief executive . June 23, 2015, ISSN  0307-1235 ( telegraph.co.uk [accessed January 20, 2020]).
  2. ↑ Martin Sosnoff: Boeing's Greed Won't Spoil The Market , Forbes , April 11, 2019
  3. ^ New York Times : Boeing 737 Max Crisis Is a Leadership Failure , July 17, 2019
  4. ↑ Leeham : Pontifications: Muilenburg's departure wouldn't go far enough , October 7, 2019
  5. ↑ Business Insider : Boeing CEO Dennis Muilenburg stripped of his title as chairman nearly a year after the first of 2 deadly crashes of Boeing 737 Max jets , October 12, 2019
  6. ↑ a b Forbes : Did Boeing Pay Too Much Attention To Wall Street? Are Other Companies Making The Same Mistake? , Analysis by Dan Reed, October 14, 2019
  7. ↑ The Seattle Times : Boeing rejected 737 MAX safety upgrades before fatal crashes, whistleblower says , October 2, 2019, accessed October 14, 2019
  8. ↑ Finanztreff.de : Boeing increases dividend and launches new share buyback program , report by Robert Barba, December 18, 2018.
  9. ↑ Dinah Deckstein, Martin U. Müller : Resignation of Dennis Muilenburg: The real drama behind the departure of the boss at Boeing . In: Spiegel Online . December 23, 2019 ( spiegel.de [accessed January 7, 2020]).
  10. ↑ Boeing boss Dennis Muilenburg resigns. In: Spiegel online. December 23, 2019, accessed December 23, 2019 .
  11. ↑ Boeing boss Muilenburg resigned in crisis by 737 MAX , welt.de, published and accessed on December 23, 2019
personal data
SURNAME Muilenburg, Dennis
ALTERNATIVE NAMES Muilenburg, Dennis A.
BRIEF DESCRIPTION American manager
DATE OF BIRTH 1964
PLACE OF BIRTH Orange City , Iowa , United States