Previously, both roles had been held by Denis Muilenburg.
However, Muilenburg will now only be the CEO, while lead director David Calhoun has been named chairman
Splitting the CEO and chairman roles "will enable Muilenburg to focus full time on running the company as it works to return the 737 MAX safely to service, ensure full support to Boeing's customers around the world, and implement changes to sharpen Boeing's focus on product and services safety," the company said in a statement.
Jeff Marks, senior portfolio analyst with Action Alerts PLUS weighed in on what this means for Boeing and whether or not this is a sign of frustration from Boeing's board.
Watch the full video for more.
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