Boeing has announced Robert K. “Kelly” Ortberg as its new CEO, effective August 8. Ortberg, previously the CEO of Rockwell Collins, succeeds Dave Calhoun, who is retiring. Ortberg, an engineer by training, is expected to address ongoing safety and quality issues at Boeing, which reported a core operating loss of $1.4 billion for the second quarter—over three times the loss from the same period a year earlier.
Ortberg expressed his commitment to Boeing’s legacy and emphasized the importance of safety and quality. He acknowledged the significant work required to address the company’s current challenges. His appointment follows a period of turmoil under Calhoun’s leadership, marked by production issues, labor disputes, and financial difficulties, including the impact of the 737 Max crashes.
Boeing’s recent financial report also revealed a net loss of $1.4 billion for the second quarter, with revenue declining by 14% to $16.8 billion. The decision to appoint Ortberg was made after a thorough search, according to Boeing chair Steven Mollenkopf, who praised Ortberg’s reputation and experience in the aerospace sector.
Ortberg will also join Boeing’s board of directors. The company’s efforts to improve its financial stability and operational efficiency will be closely watched as Ortberg begins his tenure.
Cable News Network:
Boeing names new CEO after losses more than triple
Washington Post:
Boeing names next CEO as losses skyrocket