Boeing names Muilenburg chief executive officer

The Boeing board of directors has elected Dennis A. Muilenburg the company's 10th chief executive, succeeding W. James (Jim) McNerney. Muilenburg, who has served as Boeing president and chief operating officer since 2013, becomes president and CEO on July 1.

Muilenburg is a 30-year company veteran. Along with Boeing Commercial Airplanes President and CEO Raymond L. Conner, he also has served since 2013 as company vice chairman.