The head of the Boeing Co. is planning to leave the company to become CEO of a private equity firm, the Wall Street Journal reported on Thursday.
Boeing’s Chief Executive Officer Dennis Muilenburg told The Wall Street News in an interview that his next job is with a venture capital firm focused on investing in the private equity sector, Bloomberg reported.
“I’m just going to take a little bit of a break from Boeing,” Muilenberg told Bloomberg, adding that he’s not interested in returning to his role as CEO.
Muilenburg said he doesn’t want to make any announcements about his future plans until he has completed his research on his new role and that he is in the process of deciding whether he’ll stay at the company.
Boeings has been reeling since its founder, Dennis Muilsen, was found guilty last year of violating the Hatch Act by providing the government with information about the company’s private jets.
The company had to pay a $1.9 billion fine for violating the law.
He was later sentenced to prison.