Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Boeing names new CEO as it posts loss of more than $1.4 billion in second quarter
ABC News ^ | 07/31/2024 | DAVID KOENIG

Posted on 07/31/2024 8:12:52 AM PDT by DFG

Boeing named a longtime aerospace industry veteran on Wednesday as its next chief executive, who will take over a company that has been rocked by legal, regulatory and production problems.

Robert “Kelly” Ortberg, a former CEO at Boeing supplier Rockwell Collins, will succeed David Calhoun as CEO and president effective Aug. 8, the company said. Calhoun announced in March that he would retire at the end of the year, and analysts generally praised the quicker transition.

Boeing named its new CEO as it reported a loss of more than $1.4 billion on falling revenue during the second quarter. The loss was wider and revenue lower than Wall Street expected, as both Boeing's commercial-airplanes business and defense unit lost money.

The disappointing results come at a tumultuous time for Boeing. The company 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. The Federal Aviation Administration increased its oversight of the company after the blowout of a panel on an Alaska Airlines jet raised manufacturing quality concerns.

Boeing Chairman Steven Mollenkopf said Ortberg was chosen after a “thorough and extensive search process” and “has the right skills and experience to lead Boeing in its next chapter.” Ortberg has earned a reputation for running complex engineering and manufacturing companies, Mollenkopf said.

(Excerpt) Read more at abcnews.go.com ...


TOPICS: Business/Economy
KEYWORDS: boeing; calhoun; ceo; ortberg

1 posted on 07/31/2024 8:12:52 AM PDT by DFG
[ Post Reply | Private Reply | View Replies]

To: DFG

Put a chick at the top and make her gay.


2 posted on 07/31/2024 8:15:23 AM PDT by ClearCase_guy (It will be Michelle.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: DFG
ORTBERG, Robert K. (Kelly) - Encyclopedia Dubuque

Funny. He doesn't look like a DIE hire. Normal name and everything. Maybe he's a queer.

3 posted on 07/31/2024 8:17:21 AM PDT by Responsibility2nd (2 coups in less than 4 years. America is truly a first world Banana Republic.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ClearCase_guy

They should have picked Nikki.

She could have done a nationwide search to make sure there were no Confederate flags hidden in any closets in Boeing factories.

She knows how to win!

Lol.


4 posted on 07/31/2024 8:17:26 AM PDT by cgbg ("Our democracy" = Their Kleptocracy)
[ Post Reply | Private Reply | To 2 | View Replies]

To: DFG

Amazing! An old, white, engineer!

There is hope for this company after all!


5 posted on 07/31/2024 8:31:27 AM PDT by WomBom ("I read Free Republic for the pictures)
[ Post Reply | Private Reply | To 1 | View Replies]

To: DFG

They passed over caroline kennedy???????


6 posted on 07/31/2024 8:34:49 AM PDT by utax
[ Post Reply | Private Reply | To 1 | View Replies]

To: Responsibility2nd

Wolf in sheep’s clothing


7 posted on 07/31/2024 8:46:04 AM PDT by frogjerk (More people have died trusting the government than not trusting the government.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: DFG

Ground control to Major Tom . . .


8 posted on 07/31/2024 8:46:11 AM PDT by Jeff Chandler (THE ISSUE IS NEVER THE ISSUE. THE REVOLUTION IS THE ISSUE.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Responsibility2nd

Most likely.


9 posted on 07/31/2024 9:00:33 AM PDT by No name given ( Anonymous is who you’ll know me as)
[ Post Reply | Private Reply | To 3 | View Replies]

To: DFG

This is a shocking and fortunate development. Boeing named someone as CEO with a record of success in the aerospace industry.


10 posted on 07/31/2024 9:11:57 AM PDT by Rockingham
[ Post Reply | Private Reply | To 1 | View Replies]

To: DFG

Maybe there is hope.


11 posted on 07/31/2024 9:33:43 AM PDT by rrrod (6)
[ Post Reply | Private Reply | To 1 | View Replies]

To: DFG

A white man??? Oh no. Obviously the company is doomed without a black lesbian transexual.


12 posted on 07/31/2024 9:52:57 AM PDT by Organic Panic (Democrats. Memories as short as Joe Biden's eyes)
[ Post Reply | Private Reply | To 1 | View Replies]

To: WomBom

Those old white engineers are so boring. Look at all they accomplished. No one wants to just sit comfortably on an airplane from point A to point B, or ride on a submarine 2000 feet underwater without SOME kind of catastrophe to make it exciting and diverse.


13 posted on 07/31/2024 9:54:07 AM PDT by Organic Panic (Democrats. Memories as short as Joe Biden's eyes)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Responsibility2nd

Maybe they got the message ...


14 posted on 07/31/2024 9:55:03 AM PDT by NorthMountain (... the right of the people to keep and bear arms shall not be infringed)
[ Post Reply | Private Reply | To 3 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson