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Jan. 27, 2020, 5:17 p.m. EST

Former Boeing CEO Muilenburg resigns from Caterpillar's board

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By Claudia Assis

Former Boeing Co. /zigman2/quotes/208579720/composite BA -3.78% Chief Executive Dennis Muilenburg has left the Caterpillar Inc. /zigman2/quotes/203434128/composite CAT -3.67% 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.

/zigman2/quotes/208579720/composite
US : U.S.: NYSE
$ 317.90
-12.48 -3.78%
Volume: 6.06M
Feb. 24, 2020 6:30p
P/E Ratio
N/A
Dividend Yield
2.59%
Market Cap
$186.05 billion
Rev. per Employee
$660,961
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/zigman2/quotes/203434128/composite
US : U.S.: NYSE
$ 132.17
-5.04 -3.67%
Volume: 4.96M
Feb. 24, 2020 6:30p
P/E Ratio
12.33
Dividend Yield
3.12%
Market Cap
$75.48 billion
Rev. per Employee
$526,173
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