Current chairman, David Calhoun, will replace him.
Barely half an hour after lanching from Cape Canaveral on Friday, the Starliner ended up in the wrong orbit.
The company said it did not expect to have any layoffs.
Boeing hopes to have its 737 MAX jets, grounded since March, back flying soon.
The groundings by Southwest Airlines and Gol Linhas Aereas come after the U.S. Federal Aviation Administration told aircraft operators last week to inspect 165 Boeing 737 NG airliners for structural cracks.
An Air Canada flight bound for Sydney was diverted to Hawaii on Thursday after experiencing severe turbulence. 35 people suffered minor injuries.
Airbus sealed deals with big buyers for its latest passenger jet at the Paris Airshow, fighting back after a surprise order by British Airways’ owner for rival Boeing’s grounded 737 MAX jet
Emirates Airline, the world’s largest long-haul carrier, will report profitable full year earnings this month, according to its CEO Sheikh Ahmed bin Saeed Al Maktoum.
No passengers were on board, and the plane was in the air about 11 minutes.