Boeing appoints Kelly Ortberg as new CEO and President

Boeing has appointed Kelly Ortberg as the new President and CEO, effective August 8, 2024, succeeding Dave Calhoun. Ortberg's primary challenge will be to turn around the company's financial woes, including a $1.4 billion loss and setbacks in its defense and space business. With over 35 years of aerospace experience, Ortberg is expected to lead Boeing through a pivotal period. The company aims to pivot from aggressive fixed-price contracts and manage its quality crisis to restore stability.