Dennis Muilenburg

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Former Boeing CEO Muilenburg resigns from Caterpillar’s board

Former Boeing Co. BA, -0.08% Chief Executive Dennis Muilenburg has left the Caterpillar Inc. CAT, +0.91% board of directors, Caterpillar said in a filing late Monday. The company accepted Muilenburg’s resignation effective immediately, and the resignation “is not the result of any disagreement with the company,” Caterpillar said. Muilenburg resigned from Boeing last month and was replaced by David Calhoun as Boeing’s top executive. He left under criticism about the way the jet maker has handled the 737 Max crisis. The jets have been grounded worldwide since March after two deadly crashes connected to a defective anti-stall feature.

Source: Market watch