Reported 3 months ago
Boeing has appointed Kelly Ortberg as its new CEO to lead the company through a myriad of challenges, including a significant loss of over $1 billion in the last quarter. Ortberg, who brings more than 30 years of aerospace experience, is tasked with restoring trust with regulators and the public while addressing ongoing cash burn issues. The company has faced a reputational crisis following a serious incident involving one of its aircraft and has struggled with production and delivery rates, particularly for its 737 MAX jets. Investors reacted positively to Ortberg's appointment, viewing it as a strategic move to stabilize the beleaguered manufacturer.
Source: YAHOO