Boeing has named Kelly Ortberg as its new CEO, replacing Dave Calhoun effective August 8th. Ortberg previously served as CEO of Rockwell Collins, which later became Collins Aerospace after being acquired by defense giant Raytheon. Boeing announced in March that Calhoun would step down by the end of the year as part of a leadership shakeup after recent crises. Boeing's chairman said Ortberg was selected after an extensive search and is respected in the industry for building strong teams. Boeing's second-quarter financial results included larger-than-anticipated losses and a decrease in revenue compared to last year.
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00:00It's Benzinga, and here's what's on the block.
00:02Boeing has named Kelly Ortberg as its new CEO, replacing Dave Calhoun, effective August
00:088.
00:09Ortberg previously served as CEO of Rockwell Collins, which later became Collins Aerospace
00:13after being acquired by defense giant Raytheon.
00:16Boeing announced in March that Calhoun would step down by the end of the year as part of
00:20a leadership shakeup after recent safety concerns.
00:23Boeing's chairman said Ortberg was selected after an extensive search and is respected
00:27in the industry for building strong teams.
00:29Boeing's second quarter financial results included larger-than-anticipated losses and
00:33a decrease in revenue compared to the same period last year.
00:36For all things money, visit Benzinga.com.