
Dennis Muilenburg
Former president, chairman and CEO of Boeing
Dennis A. Muilenburg (born 1964) is an American engineer, business executive and a former president and chief executive officer (CEO) of Boeing, a multinational aerospace and defense company. He was CEO from 2015 to 2019, when he was fired in the aftermath of two crashes of the 737 MAX and its subsequent groundings.2
From Wikipedia’s article on Dennis Muilenburg (this version), CC BY-SA 4.0.
Born 1964.1
About
Muilenburg was elected a member of the National Academy of Engineering in 2018 for leadership in defense, space, security, and commercial aircraft.
From Wikipedia’s article on Dennis Muilenburg, shared under CC BY-SA 4.0.2
Companies
- New Vista Acquisition CorpChief executive officer Feb 16, 2021 to Feb 16, 202111
- New Vista Acquisition CorpChair Feb 16, 2021 to Feb 16, 202111
- BoeingChief executive officer Jul 1, 2015 to Dec 23, 201912
- Caterpillar Inc.Board member Jun 9, 2011 to Mar 6, 201913
- BoeingChair Mar 8, 2016 to Mar 5, 201914
- BoeingPresident Feb 26, 2014 to Mar 5, 201915
- BoeingBoard member Jul 1, 2015 to Feb 29, 201616
- BoeingChief operating officer Feb 26, 2014 to Mar 10, 201515
- BoeingVice chair Feb 26, 2014 to Mar 10, 201515
Holdings
Stock this person has reported owning, from the forms officers and directors file with the SEC. See the biggest insider stakes.
Shares held
Boeing BA141,919 shares17$26.9M at $189.85Mar 5, 2019
Caterpillar Inc. CAT12,966 shares18$9.5M at $730.49Mar 4, 2019
As of each latest filing. The line shows shares held over time.
Recent filings
- Mar 4, 2019Granted 1,084 shares of Caterpillar Inc.18
- Mar 1, 2019Shares withheld for tax 140 shares at $443.10 of Boeing17
- Feb 25, 2019Granted 8,461 shares of Boeing19
- Feb 24, 2019Shares withheld for tax 12,243 shares at $421.81 of Boeing20
- Feb 24, 2019Granted 27,636 shares of Boeing20
- Feb 22, 2019Shares withheld for tax 10,159 shares at $421.81 of Boeing20
- Feb 4, 2019Gift 7,740 shares of Boeing21
- Jul 2, 2018Shares withheld for tax 8,998 shares at $332.82 of Boeing22
- Mar 5, 2018Granted 993 shares of Caterpillar Inc.23
- Mar 2, 2018Shares withheld for tax 56 shares at $340.70 of Boeing24
- Feb 26, 2018Shares withheld for tax 6,709 shares at $355.92 of Boeing25
- Feb 26, 2018Granted 10,150 shares of Boeing25
- Feb 26, 2018Granted 15,143 shares of Boeing25
- Feb 23, 2018Shares withheld for tax 3,415 shares at $355.92 of Boeing26
- Feb 7, 2018Gift 5,800 shares of Boeing26
- Jul 31, 2017Sold 31,468 shares at $243.97 of Boeing27
- Jul 31, 2017Sold 25,370 shares at $242.82 of Boeing27
- Jul 31, 2017Exercised options 56,838 shares at $75.39 of Boeing27
- May 2, 2017Gift 10,035 shares of Boeing27
- Mar 6, 2017Granted 1,307 shares of Caterpillar Inc.28
- Mar 3, 2017Shares withheld for tax 81 shares at $182.51 of Boeing29
- Feb 27, 2017Shares withheld for tax 5,599 shares at $177.45 of Boeing30
- Feb 27, 2017Granted 12,250 shares of Boeing30
- Feb 27, 2017Granted 16,157 shares of Boeing30
- Feb 24, 2017Shares withheld for tax 3,883 shares at $177.45 of Boeing31
Early life and education
Muilenburg grew up on a farm in Iowa.
He graduated in 1982 from Sioux Center High School in Sioux Center, Iowa. He received a bachelor's degree in aerospace engineering from Iowa State University, followed by a master's degree in aeronautics and astronautics from the University of Washington.
From Wikipedia’s article on Dennis Muilenburg (this version), CC BY-SA 4.0.
Career
Occupation: chief executive officer, businessperson.7
- 2015 to 2019Chief executive, Boeing5
- 2015 to 2019Chief executive officer6
- 1985 to 2019Worked at Boeing4
Boeing
Muilenburg started work at Boeing as an intern in 1985.
Muilenburg held numerous management and engineering positions on various Boeing programs, including the X-32 (Boeing's entry in the Joint Strike Fighter competition); Boeing's participation in the Lockheed Martin F-22 Raptor fighter; the YAL-1 747 Airborne Laser; the High Speed Civil Transport; and the Condor unmanned reconnaissance aircraft. He was later vice president of the Boeing combat systems division and program manager for the Army Future Combat Systems program. Muilenburg was president and chief executive officer of Boeing Integrated Defense Systems, later renamed Boeing Defense, Space & Security (BDS), from September 2009 to 2015.
In December 2013, Muilenburg became the president of Boeing.
In June 2015, Boeing announced that Muilenburg would succeed James McNerney as CEO, who was stepping down after ten years in that role. He became CEO in July 2015.
In February 2016, it was announced that Muilenburg would also succeed McNerney as Boeing's chairman. In March 2016, Muilenburg became the chairman of Boeing.
In 2018, Muilenburg agreed to a fixed-price contract to deliver two customized 747 planes to the U.S. government which left Boeing with billions in losses.
In March 2019, as a result of the Ethiopian Airlines Flight 302 crash and the Lion Air Flight 610 crash, which occurred five months prior to the Ethiopian crash, most airlines and countries began grounding the Boeing 737 MAX 8 due to safety concerns. On March 12, President Donald Trump spoke to Muilenburg and received assurances that the aircraft was safe. Trump grounded the 737 MAX family of planes on March 13.
In October 2019, Boeing announced that the board had voted to separate the roles of chairman and CEO, both of which were held by Muilenburg. David L. Calhoun would take over as non-executive chairman, while Muilenburg continued as CEO and president. The company said this change would enable Muilenburg to focus full-time on running the company, while it worked to return the Boeing 737 MAX to service.
In November 2019, Muilenburg confirmed that he would not be taking a bonus for the year, after being criticized for the two plane crashes, which killed a total of 346 people.
In December 2019, Boeing announced that Muilenburg resigned as the CEO and board director, in the aftermath of the two crashes of 737 MAX aircraft. Although he forfeited stock worth $14.6m, Muilenburg was contractually entitled to receive $62.2m in stock and pension awards.
This payment by Boeing attracted criticism. Michael Stumo, who lost his daughter in the Ethiopian Airlines crash, said, 'He was fired for poor performance, and he should be treated like any other production employee who gets fired for poor performance.' Zipporah Kuria lost her father Joseph and said, 'Nobody gets their benefits when they've screwed up this much. Muilenburg and my dad are, were, the same age. Two people, and one is a privileged person who gets away with having such a big part to play in the death of so many people, and the other who trusts a product and dies for it.' US Senator Elizabeth Warren wrote regarding the payment by Boeing, '346 people died. And yet, Dennis Muilenburg pressured regulators and put profits ahead of the safety of passengers, pilots, and flight attendants. He'll walk away with an additional $62.2 million. This is corruption, plain and simple.'
He was succeeded as CEO and president by David L. Calhoun, effective January 2020. During the transition, CFO Greg Smith was interim CEO. Boeing's press release stated that, "The Board of Directors decided that a change in leadership was necessary to restore confidence in the Company moving forward as it works to repair relationships with regulators, customers, and all other stakeholders."
In January 2020, Caterpillar Inc. announced that Muilenburg had resigned from its board (which he joined in 2011), and stated in a regulatory filing that his resignation was not due to any disagreement with the company.
In December 2020, Muilenburg joined Monarch Tractor, a Livermore, California-based electric tractor startup, as an investor and advisor.
Read more
New Vista Capital
Muilenberg is co-founder and CEO of an early stage investment firm, New Vista Capital, a firm that invests in the aerospace and defense sector.
From Wikipedia’s article on Dennis Muilenburg (this version), CC BY-SA 4.0.
Personal life
Muilenburg cycles about 120 miles per week around the Chicago area, where Boeing was formerly headquartered.
Muilenburg is married with two children. He is a Baptist.
From Wikipedia’s article on Dennis Muilenburg (this version), CC BY-SA 4.0.
Links
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataDennis Muilenburg on Wikidata
- 2WikipediaDennis Muilenburg on Wikipedia
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- 12Wikidata and SEC EDGARBoeing, Chief executive officer
- 13SEC EDGARCaterpillar Inc., Board member
- 14SEC EDGARBoeing, Chair
- 15SEC EDGARBoeing, President
- 16SEC EDGARBoeing, Board member
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- 19SEC EDGARForm 4 filed Feb 27, 2019
- 20SEC EDGARForm 4 filed Feb 26, 2019
- 21SEC EDGARForm 4 filed Feb 6, 2019
- 22SEC EDGARForm 4 filed Jul 5, 2018
- 23SEC EDGARForm 4 filed Mar 7, 2018
- 24SEC EDGARForm 4 filed Mar 6, 2018
- 25SEC EDGARForm 4 filed Feb 28, 2018
- 26SEC EDGARForm 4 filed Feb 27, 2018
- 27SEC EDGARForm 4 filed Aug 2, 2017
- 28SEC EDGARForm 4 filed Mar 8, 2017
- 29SEC EDGARForm 4 filed Mar 7, 2017
- 30SEC EDGARForm 4 filed Mar 1, 2017
- 31SEC EDGARForm 4 filed Feb 28, 2017
- 32Wikimedia CommonsDennis Muilenburg photo by Hawaii Air National Guard, CC BY 2.0