On July 31st, aviation giant Boeing appointed Kelly Ortberg as its new CEO. In his initial statement, Ortberg acknowledged that ‘there is much work to be done.’ As an aerospace industry veteran, he faces significant challenges, including reviving Boeing’s jet production and rebuilding trust with regulators. The coming months will be particularly demanding for Ortberg.
“I am deeply honored and humbled to be part of this iconic company,” Ortberg stated. “As a leader and innovator in our sector, Boeing has a long and illustrious past. I am committed to collaborating with the more than 170,000 dedicated employees to uphold this tradition, with safety and quality as our top priorities,” he stated in his initial remarks as CEO of the planemaker.
Boeing, one of the two major global manufacturers of aircraft, has been involved in numerous problems. First, there is a crisis in one’s reputation brought on by subpar work. Significant financial strain was highlighted by the company’s $1.4 billion quarterly loss. The incident on January 5 damaged the company’s reputation, which finally caused former CEO Dave Calhoun to retire.
The US Federal Aviation Administration made the announcement shortly after the January 5 incident that Boeing would not be allowed to increase 737 MAX manufacturing. In premarket trade, Boeing’s shares increased 2.9%, according to a Reuters report.
