2024-08-01 05:50:08
Business

Boeing Appoints Ortberg as CEO to Lead Recovery from Crises

Image courtesy of : AFP (HANDOUT)

Boeing has announced the appointment of Robert 'Kelly' Ortberg, an experienced aerospace executive, as its new CEO. Ortberg will take over from Dave Calhoun and will be responsible for resolving safety and quality control issues and turning around the company's financial performance.

The company reported a quarterly loss of $1.44 billion, higher than expected, due to decreased aircraft deliveries and declining profits from defense contracts. Boeing has been under pressure following safety concerns with its planes, including incidents such as a panel separation on a 737 MAX 9 in January.

In response, the FAA limited production of the 737 MAX and Boeing implemented measures to improve safety and quality. Ortberg, who previously led Rockwell Collins and Collins Aerospace, brings over 35 years of industry experience to the role.

His appointment comes as Boeing aims to recover from the 737 Max crises and regain stability in the aviation market.

AFP
31. Juli 2024 um 13:41

Struggling Boeing Corporation Brings in Experienced Aviation Manager Ortberg as CEO

Economy
Finance
New Boeing CEO Ortberg is expected to improve safety issues and quality controls; predecessor Calhoun steps down earlier than planned; FAA limits 737 MAX production to 38 per month; quarterly loss of $1.44 billion; incident with Alaska Airlines flight leads to measures; company revenue of $16.86 billion.
New York Times - Business
31. Juli 2024 um 18:41

Boeing Names Kelly Ortberg as Its Chief Executive

Economy
Finance
Boeing names aerospace veteran Robert K. "Kelly" Ortberg as its new CEO, replacing Dave Calhoun. Ortberg will lead the company's recovery from the 737 Max crises, including the recent panel separation incident and the earlier crashes that resulted in 346 fatalities.
Yahoo Finance
31. Juli 2024 um 18:50

New Boeing CEO Kelly Ortberg abruptly left the game 4 years ago—but some think this ‘engineering visionary’ could chart a new path

Economy
Finance
Technology
Boeing has appointed Kelly Ortberg, a 64-year-old mechanical engineer and former CEO of Rockwell Collins, as its new CEO. Ortberg is an "engineering visionary" who led Rockwell Collins' spinoff and helped it win a major avionics contract with Boeing for the 787 Dreamliner, ending Honeywell's dominance. Ortberg credits two role models, Clay Jones and Alan Mulally, for influencing his management style. Outside of work, Ortberg has a waterfront home in Florida and is an avid golfer. Ortberg grew..
heise online
1. August 2024 um 04:15

Thursday: Boeing's new CEO as crisis manager, Meta with more advertising revenue | heise online

Economy
Finance
Technology
Boeing has a new CEO, Robert "Kelly" Ortberg, who is tasked with leading the company out of crisis. Meta Platforms is seeing increasing advertising revenue and surpasses expectations. The Olympic apps in France collect comprehensive user data and sell it to advertisers.
CW

Account

Waiting list for the personalized area


Welcome!

InfoBud.news

infobud.news is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand

Your World, Tailored News: Navigate The News Jungle With AI-Powered Precision!