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Boeing names new CEO as it posts loss of more than $1.4 billion in second quarter (abcnews.go.com)

submitted 3 months ago by [email protected] to c/[email protected]

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Boeing named a longtime aerospace industry veteran Wednesday as its next chief executive, who will take over a company rocked by legal, regulatory and production problems and mounting financial repercussions.

Robert “Kelly” Ortberg, a former CEO at Boeing supplier Rockwell Collins, will succeed David Calhoun as CEO and president effective Aug. 8, the company said. Calhoun said in March that he would retire at the end of the year, and analysts generally praised the quicker transition.

Boeing announced its new CEO as it reported a loss of more than $1.4 billion on falling revenue during the second quarter. The loss was wider and the company's revenue lower than Wall Street's dismal expectations, as both Boeing's commercial-airplanes business and defense unit lost money.

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[–] [email protected] 5 points 3 months ago (1 children)

linkedin shows no work history prior to 2006. what did you do from 1982-2006, Kelly!?

[–] [email protected] 6 points 3 months ago (1 children)

He began his career in 1983 as an engineer at Texas Instruments, and then joined Rockwell Collins in 1987 as a program manager and held increasingly important leadership positions at the company prior to becoming its president and CEO in 2013. After five years leading Rockwell Collins, he steered the company’s integration with United Technologies and RTX until his retirement from RTX in 2021.