https://www.barrons.com/articles/boeing-board-forms-safety-committee-51569440417
Boeing Board Forms Safety Committee
Sept. 25, 2019 3:40 pm ET
Boeing Co. said its board has created a new safety committee, a move that comes as the plane manufacturer faces pressure from regulators and lawsuits over the fatal crashes of two of its 737 MAX airliners.
The committee will oversee the safe design, production and delivery of the company's aerospace products and services, Boeing said on Wednesday.
Boeing said Adm. Edmund Giambastiani Jr., former vice chairman of the U.S. Joint Chiefs of Staff, will lead the committee, which was created at the board's meeting in August.
Other members include Duke Energy Corp. Chief Executive Lynn Good and Lawrence Kellner, who once led one of the predecessor companies of United Airlines Holdings Inc.
The board, led by Chairman and Chief Executive Dennis Muilenburg, also amended the company's governance rules to make safety-related experience a criteria it will use in choosing future directors, the company said.
Boeing and its 737 MAX planes are under intense scrutiny following crashes of the aircraft in Indonesia last October and in Ethiopia in March.
The company said members of the new safety committee have "extensive experience leading companies and organizations in regulated industries and government entities where safety is paramount."
Boeing Co.