Former Boeing CEO Muilenburg resigns from Caterpillar board
Tweet
Share
E-mail
FILE PHOTO: Boeing Chief Executive Dennis Muilenburg testifies before the House Transportation and Infrastructure Committee during a hearing on the grounded 737 MAX in the wake of deadly crashes, on Capitol Hill in Washington, U.S., October 30, 2019. REUT
Get Alerts CAT Hot Sheet
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.6%
EPS Growth %: +30.7%
Join SI Premium – FREE
(Reuters) - Caterpillar Inc (NYSE: CAT) said on Monday former Boeing Co (NYSE: BA) Chief Executive Officer Dennis Muilenburg had resigned from its board.
Caterpillar said in a regulatory filing http://www.sec.gov/Archives/edgar/data/18230/000001823020000015/0000018230-20-000015-index.htm that Muilenburg's resignation, which is effective immediately, was not due to any disagreement with the company.
Muilenburg joined the board in 2011.
Boeing fired Muilenburg last month after repeatedly failing to contain the fallout from a pair of fatal crashes that halted output of its best-selling 737 MAX jetliner and tarnished its reputation with airlines and regulators.
(Reporting by Uday Sampath in Bengaluru; Editing by Maju Samuel)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- FirstCash to acquire UK pawn operator Ramsdens for £206 million
- CVR Energy names new CEO after predecessor's resignation
- Seadrill extends $500M share repurchase program to end of 2026
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
