Boeing has a new CEO. The company said Wednesday that aerospace industry veteran Robert 'Kelly Ortberg will take over as CEO next week, replacing David Calhoun. Boeing is announcing the new CEO as it reports a loss of more than $1.4 billion in the second quarter. The loss was wider and revenue was lower than Wall Street expected.
FILE - A Boeing 737 MAX aircraft is shown on the assembly line at the Boeing facility in Renton, Wash., June 25, 2024. Boeing reports earnings on Wednesday, July 31, 2024. Boeing lost more than $1.4 billion in the second quarter and said a longtime industry executive will take over as chief executive of the troubled aircraft manufacturer next week.
Robert “Kelly” Ortberg, 64, a former CEO at Rockwell Collins, will succeed David Calhoun as CEO, the company said. Boeing’s loss was wider and revenue lower than Wall Street expected. Revenue fell 15% from a year earlier, and both its commercial-airplanes business and defense unit lost money.to fraud in connection with the Max, two of which crashed, killing 346 people. The Federal Aviation Administration has increased its oversight of the company following mistakes including the blowout of a panel on an Alaska Airlines jet. It is pushing back against, a key contractor.
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