Boeing names its next CEO while posting a quarterly loss of more than $1.4 billion

Published July 31, 2024 5:06 AM

AP Airlines Writer

Boeing has a new chief executive. The company says aerospace industry veteran Robert “Kelly” Ortberg will take over as CEO next week, replacing David Calhoun. Boeing announced Ortberg’s hiring on Wednesday as it reported a second-quarter loss of more than $1.4 billion. The company’s revenue was even lower than Wall Street’s dismal expectations. Ortberg is former CEO of aerospace manufacturer Rockwell Collins. He is coming to Boeing at a tumultuous time. The company is the subject of multiple investigations into its safety culture and manufacturing quality. Boeing agreed to plead guilty this month to a federal fraud charge in connection with its 737 Max jetliner and two crashes that killed 346 people.

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