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CEO's power is diminished as the company struggles to bring its flagship plane back to service following two deadly crashes...
The board has full confidence in Dennis as CEO and believes this division of labor will enable maximum focus on running the business with the board playing an active oversight role.
I am fully supportive of the board's action. Our entire team is laser-focused on returning the 737 MAX safely to service and delivering on the full breadth of our company's commitments.