The Boeing board of directors has elected Dennis A. Muilenburg as its next chairman, effectiveMarch 1. He succeeds W. James (Jim) McNerney, Jr., who is stepping down from the board, while Boeing independent Lead Director Kenneth M. Duberstein continues in that role.

Muilenburg, 52, succeeded McNerney as Boeing's 10th chief executive and joined the board last July. At that time, McNerney, 66, continued in the chairman role and announced his intent to retire from the company later this month.

"On behalf of the Boeing board, I want to thank Jim again for more than 10 years of dedicated service as chairman and for the transformational leadership that guided the company through an important period of renewal and growth," Duberstein said.

McNerney joined the Boeing board in 2001 and was elected chairman in 2005.

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