Boeing's New CEO Appointment

SOURCE www.npr.org
Boeing has appointed Robert 'Kelly' Ortberg as the new CEO to replace retiring CEO Dave Calhoun. Ortberg, an aerospace industry veteran with an engineering background, will lead Boeing's turnaround plans amid struggles in its commercial airplane and defense programs.

Key Points

  • Ortberg appointed as new CEO to lead Boeing's turnaround plans.
  • Boeing reported a net loss of $1.44 billion in the second quarter.
  • Ortberg has a background in engineering, not finance.

Pros

  • Ortberg brings extensive aerospace industry experience and engineering background to the role.
  • His reputation for building strong teams and running complex engineering and manufacturing companies is a positive attribute.
  • Ortberg's appointment signals a shift towards prioritizing engineering quality at Boeing.

Cons

  • Boeing reported a significant quarterly loss and weaker revenue during the second quarter.
  • Increased scrutiny of production lines has limited production of Boeing's 737 Max jets.