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Boeing names new CEO after losses more than triple | CNN Business
Boeing named a new CEO after it reported a core operating loss of $1.4 billion in the second quarter – more triple the loss from a year ago – as increased scrutiny of the safety and quality of its planes kept the troubled company from making enough aircraft to return to profitability.
“Boeing has a tremendous and rich history as a leader and pioneer in our industry, and I’m committed to working together with the more than 170,000 dedicated employees of the company to continue that tradition, with safety and quality at the forefront.” Ortberg started work in the aviation industry in 1983 as an engineer at Texas Instruments, and then joined Rockwell Collins in 1987 as a program manager. “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,” said Boeing Chairman Steven Mollenkopf in a statement.
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