Boeing has named a new CEO, Robert “Kelly” Ortberg, following a core operating loss of $1.4 billion in the second quarter, more than triple the loss from a year ago. Ortberg, a former CEO of Rockwell Collins, will take over from retiring CEO Dave Calhoun. Ortberg, who holds a degree in mechanical engineering, expressed his commitment to prioritizing safety and quality at Boeing.
Despite Ortberg's engineering background, the appointment does not guarantee improved decision-making. Boeing has faced challenges, including the grounding of the 737 Max jet due to fatal crashes and financial losses. Ortberg's experience in the aerospace industry, starting as an engineer in 1983, is expected to bring a fresh perspective to Boeing.
