Troubled planemaker hopes to turn its fortunes around after huge losses due to 737 Max 9 aircraft line fiascos
Boeing on Wednesday named aerospace industry veteran Robert “Kelly” Ortberg as its new president and CEO, tasking the former Rockwell Collins executive in turning around the struggling planemaker after it reported a $1.4bn loss.
Ortberg, 64, led aerospace supplier Rockwell Collins before it became part of aerospace and defence giant RTX. He will assume his duties on 8 August, Boeing said.
About Author
More Stories
Sing when you’re winning: how karaoke in cars heralds the triumph of Chinese firms
RBA interest rates: Reserve Bank of Australia cuts cash rate to 3.85% amid lowering inflation
M&S expects cyber-attack to last into July and cost £300m in lost profits