Boeing said Kelly Ortberg will replace outgoing CEO Dave Calhoun, who said he'd step down in the wake of manufacturing mishaps.
Boeing said it has tapped aerospace executive Robert K. 'Kelly' Ortberg as its next president and chief executive, replacing outgoing CEO Dave Calhoun in the wake of increased regulatory scrutiny sparked by the aircraft manufacturer's production problems. Ortberg, 64, is the former CEO of Rockwell Collins, an aerospace company that was a supplier of avionics systems for Boeing.
In a statement, Ortberg said the company is facing 'much work to be done.' He added he is committed to working with the company's 170,000 employees 'with safety and quality at the forefront.'Separately, Boeing reported that it lost more than $1.4 billion in the second quarter, a wider loss than expected by Wall Street. Revenue also fell short of expectations, dipping 15% from a year earlier.The disappointing results come at a tumultuous time for Boeing.
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