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Boeing (BA) announced Monday Dennis Muilenburg is resigning from his position as CEO after months of fall-out following two deadly plane crashes. Current chairman David L. Calhoun will take over as CEO and President beginning January 13, with CFO Greg Smith set to serve as interim CEO until then, Boeing added in a statement. Board member Lawrence Kellner will become non-executive chairman of the board, effective immediately. Boeing’s board of directors “decided that a change in leadership was necessary to restore confidence in the Company moving forward as it works to repair relationships with regulators, customers, and all other stakeholders,” according to the statement. Shares of Boeing were halted in early trading ahead of the announcement, after closing 1.65% lower Friday. The stock climbed 3.4% to $339.00 per share as of 9:33 a.m. ET, shortly after trading resumed. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Connect with Yahoo Finance: Get the latest news: https://yhoo.it/2fGu5Bb Find Yahoo Finance on Facebook: http://bit.ly/2A9u5Zq Follow Yahoo Finance on Twitter: http://bit.ly/2LMgloP Follow Yahoo Finance on Instagram: http://bit.ly/2LOpNYz