Boeing taps former Collins Aerospace CEO Kelly Ortberg to replace Dave Calhoun

Boeing taps former Collins Aerospace CEO Kelly Ortberg to replace Dave Calhoun


Kelly Ortberg, chief executive officer of Rockwell Collins Inc., stands for a photograph at the company’s production facility in in Manchester, Iowa, U.S., on Wednesday, Aug. 31, 2016. 

Daniel Acker | Bloomberg | Getty Images

Boeing has named Robert “Kelly” Ortberg to succeed CEO Dave Calhoun, picking a longtime aerospace veteran from outside the company as the manufacturer scrambles to regain its footing from safety and manufacturing crises. He will start Aug. 8.

Ortberg, 64, previously led major aerospace supplier Rockwell Collins, which later became Collins Aerospace, and the business is now part of industry behemoth RTX. He retired in 2021.

Ortberg, who has a mechanical engineering degree, will face a host of challenges as Boeing’s CEO: persistent losses, heightened regulator scrutiny, a crisis of confidence from airline customers whose planes are delayed, and tense labor talks that now include the threat of a strike.

His appointment Wednesday came alongside Boeing’s second-quarter results, which revealed a wider-than-expected loss and a 15% drop in sales.

Boeing announced in March that Calhoun would step down by year’s end, part of a broader company shake-up that also included the departure of its then-chairman and the replacement of its head of commercial aircraft. The changes came after a door plug blew out of a nearly new 737 Max 9, reigniting federal scrutiny over Boeing just as it was trying to move on from two fatal crashes of its bestselling plane.

“The Board conducted a thorough and extensive search process over the last several months to select the next CEO of Boeing and Kelly has the right skills and experience to lead Boeing in its next chapter,” Boeing’s chairman, Steven Mollenkopf, said in note to employees on Wednesday. “Kelly is an experienced leader who is deeply respected in the aerospace industry, with a well-earned reputation for building strong teams and running complex engineering and manufacturing companies.”

Ortberg will also join Boeing’s board.

Don’t miss these insights from CNBC PRO



Source

‘Superman’ snares .5 million in Thursday previews on way to 0 million opening
Business

‘Superman’ snares $22.5 million in Thursday previews on way to $140 million opening

David Corenswet stars are Superman in Warner Bros.’ “Superman.” Warner Bros. Discovery It’s not a bird or a plane that soared into cinemas Thursday night — it was Warner Bros.’ “Superman.” The first film in the new era of DC films under James Gunn and Peter Safran snared $22.5 million from preview showings. It’s the […]

Read More
Levi Strauss raises sales guidance, says it will absorb some tariff costs for now
Business

Levi Strauss raises sales guidance, says it will absorb some tariff costs for now

Levi Strauss raised its full-year guidance Thursday and said it’s working to absorb some of the costs it’s facing from higher tariffs, but that could change as President Donald Trump’s trade policy evolves.  The denim maker doesn’t disclose its key manufacturing hubs, but much of its supply comes from Southeast Asia. Many countries in the […]

Read More
IMAX is headed for its best year on record as it capitalizes on Hollywood’s box office rebound
Business

IMAX is headed for its best year on record as it capitalizes on Hollywood’s box office rebound

General atmosphere during an IMAX private screening for the movie “First Man” at an AMC theater in New York City on Oct. 10, 2018. Lars Niki | Getty Images Entertainment | Getty Images More than a year before “F1: The Movie” would eventually hit theaters, Apple struck a deal with IMAX. The studio secured the […]

Read More