Robert 'Kelly' Ortberg, former Rockwell Collins CEO, will succeed David Calhoun as Boeing's new CEO and president, starting on August 8. This change comes as Boeing reported a substantial loss in the second quarter amid issues in both its commercial-airplanes business and defense unit.
Boeing faced challenges with a loss of over $1.4 billion and decreased revenue, associating with legal matters like pleading guilty to a federal fraud charge over the 737 Max crashes. The company's governance came under scrutiny by the Federal Aviation Administration post manufacturing quality concerns.
Steven Mollenkopf, Boeing's Chairman, hailed Ortberg's appointment after an extensive search, mentioning his apt skills to lead the company forward. Even though Ortberg is above the mandatory retirement age of 65, the company made an exception for him, similar to Calhoun in 2021.
Notable executives like Patrick Shanahan, Spirit AeroSystems CEO, and Stephanie Pope, a recent Boeing appointee, were also considered for the CEO role but Ortberg emerged as the final choice due to his track record in managing engineering and manufacturing operations.
Collection
[
|
...
]