Boeing has announced the appointment of Robert “Kelly” Ortberg as the new CEO, replacing Dave Calhoun. Ortberg, a seasoned veteran in the aerospace industry, will assume the role on August 8.
Ortberg’s Background and Appointment
- Experience: Ortberg, 64, previously led Rockwell Collins, which became Collins Aerospace and is now part of RTX. He has over three decades of experience in the aerospace sector.
- Challenges Ahead: As CEO, Ortberg faces challenges including persistent losses, regulatory scrutiny, supply chain issues, and labor negotiations.
Boeing’s Leadership Changes
- Outgoing CEO: Dave Calhoun is stepping down, part of a broader leadership shake-up at Boeing, which includes changes in other key positions.
- Investor Reaction: Boeing’s shares rose over 4% following Ortberg’s appointment, reflecting investor confidence in his leadership.
Boeing’s Current Situation
- Production and Safety Issues: Boeing is recovering from safety crises, including two fatal 737 Max crashes. Recent manufacturing flaws have also slowed deliveries.
- Recent Developments: The company has pleaded guilty to a federal fraud charge related to misleading regulators about the Max planes.
Key Focus Areas for Ortberg
- Quality Control: Ensuring the quality of Boeing’s products amid a strained supply chain.
- Workforce Management: Addressing the challenge of training new employees who replaced experienced staff during the pandemic.
- FAA Certification: Boeing is working to secure FAA certification for the 777-9 model and other Max family planes.
Future Outlook
Ortberg’s appointment is seen as a move to bring a fresh perspective and stable leadership to Boeing as it navigates a complex recovery phase. The aerospace industry is watching closely as Ortberg steps into his new role, with expectations that his experience and external perspective will help steer Boeing towards stability and growth.