Boeing has appointed Robert 'Kelly' Ortberg, an experienced aviation executive, as its new CEO. Ortberg will take over on August 8th and will have the challenging task of addressing safety issues and improving quality control.
The company reported a quarterly loss of $1.44 billion, much higher than expected. Ortberg, who previously led Rockwell Collins, brings over 35 years of industry experience to the role.
Boeing is facing significant challenges, including the grounding of the 737 MAX, declining commercial deliveries, and a criminal fraud conspiracy charge related to the 737 MAX crashes. The appointment of Ortberg comes earlier than anticipated, as outgoing CEO Dave Calhoun had planned to step down at the end of the year.
Boeing's new CEO will need to navigate the company through these turbulent times and work towards a turnaround in the business performance.
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