Boeing, Following 'Gas Defect Accidents,' Appoints Robert Kelly Ottburg as New CEO
Industry Veteran and Former Partner CEO
Likely to Lead Boeing's Revitalization
U.S. aircraft manufacturer Boeing announced on the 31st (local time) that it has appointed Robert Kelly Ottberg as its new Chief Executive Officer (CEO). Ottberg, the designated CEO, is expected to lead the organizational reform of Boeing, which has been plunged into crisis following a series of aircraft defect accidents.
Ottberg, who succeeds David Calhoun as Boeing CEO, previously served as the CEO of Rockwell Collins, an aircraft parts manufacturer and a major Boeing partner. Earlier, CEO Calhoun had announced that he would resign by the end of the year following consecutive accidents involving the Boeing 737 Max model.
Steven Mollenkopf, Chairman of Boeing's Board, said, "We have conducted a thorough and extensive search process over the past few months to select the next CEO," adding, "Kelly is a respected and experienced leader in the industry, known for building strong teams and leading advanced mechanical engineering manufacturers."
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Meanwhile, Boeing reported a net loss of $1.44 billion for the second quarter on the same day. The loss per share was $2.90, which was larger than the market information firm LSEG's expert forecast of a $1.97 loss per share.
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