Dennis Muilenburg will not receive severance or separation payments in connection with his departure.
Ed Pierson is set to testify before a House committee this week about concerns he raised with company executives.
Southwest Airlines and American Airlines are warning of the increasing financial toll due to the groundings as thousands of monthly flights are cancelled.
The charge will result in Boeing's largest-ever quarterly loss and "underlines the magnitude of the crisis" it is facing.
“Strong domestic demand for flights and fuel prices that are 5% lower than a year ago are driving industry profits."
