Opening up a new chapter in its century-long history, Boeing says its next CEO and president will be Kelly Ortberg, a 64-year-old aerospace executive who previously held the CEO post at Rockwell Collins, now a subsidiary of RTX.
Citing an unidentified source, The Seattle Times reported that Ortberg will be based in Seattle, the city where Boeing was founded. That suggests there’s a chance that Boeing’s headquarters will move back to Seattle — 23 years after the base of operations was moved to Chicago, and two years after it was moved again to Arlington, Va.
Ortberg will take the helm on Aug. 8 after a trying five years for the aerospace giant. Fatal crashes of Boeing’s 737 MAX jets in 2018 and 2019 led to a worldwide grounding of the plane, and eventually to the firing of then-CEO Dennis Muilenburg. His successor, David Calhoun, was charged not only with getting the MAX back in service, but also with repairing Boeing’s tarnished image and weathering a new set of supply-chain challenges brought on by the COVID-19 pandemic.
Although the 737 MAX is flying again, Calhoun’s efforts fell short. A fresh controversy arose this January when a door plug flew off an Alaska Airlines 737 MAX in flight. In May, Calhoun announced his intent to retire.
Today Boeing posted a loss of $1.4 billion for the second quarter, compared with a loss of $149 million a year earlier. Boeing’s losses have added up to more than $25 billion since the start of 2019.
