STOCK TITAN

Boeing Board Names Kelly Ortberg President and CEO

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags

Boeing [NYSE: BA] has announced that Kelly Ortberg will become the company's new president and CEO, effective August 8, 2024. Ortberg, 64, brings over 35 years of aerospace leadership experience and will succeed Dave Calhoun, who is retiring after serving as CEO since January 2020. The Boeing Board conducted an extensive search process to select Ortberg, citing his experience in leading complex engineering and manufacturing companies.

Ortberg's career includes leadership roles at Texas Instruments, Rockwell Collins, and RTX. He holds a bachelor's degree in mechanical engineering from the University of Iowa and has served on several industry boards, including the Aerospace Industries Association. Boeing, a leading global aerospace company, develops and manufactures commercial airplanes, defense products, and space systems for customers in over 150 countries.

Boeing [NYSE: BA] ha annunciato che Kelly Ortberg diventerà il nuovo presidente e CEO dell'azienda, a partire dal 8 agosto 2024. Ortberg, 64 anni, porta con sé oltre 35 anni di esperienza nella leadership dell'aerospaziale e succederà a Dave Calhoun, che si ritirerà dopo aver ricoperto il ruolo di CEO da gennaio 2020. Il Consiglio di Boeing ha condotto un ampio processo di ricerca per selezionare Ortberg, citando la sua esperienza nella gestione di aziende complesse di ingegneria e produzione.

La carriera di Ortberg include ruoli di leadership presso Texas Instruments, Rockwell Collins e RTX. Ha conseguito una laurea in ingegneria meccanica presso l'Università dell'Iowa e ha partecipato a diversi consigli di amministrazione del settore, tra cui l'Associazione delle Industrie Aerospaziali. Boeing, un'azienda aerospaziale globale leader, sviluppa e produce aerei commerciali, prodotti per la difesa e sistemi spaziali per clienti in oltre 150 paesi.

Boeing [NYSE: BA] ha anunciado que Kelly Ortberg se convertirá en el nuevo presidente y CEO de la compañía, a partir del 8 de agosto de 2024. Ortberg, de 64 años, aporta más de 35 años de experiencia en liderazgo en la industria aeroespacial y sucederá a Dave Calhoun, quien se jubilará tras haber sido CEO desde enero de 2020. La Junta de Boeing llevó a cabo un extenso proceso de búsqueda para seleccionar a Ortberg, citando su experiencia en la dirección de empresas complejas de ingeniería y fabricación.

La carrera de Ortberg incluye roles de liderazgo en Texas Instruments, Rockwell Collins y RTX. Tiene una licenciatura en ingeniería mecánica por la Universidad de Iowa y ha servido en varias juntas de la industria, incluida la Asociación de Industrias Aeroespaciales. Boeing, una empresa aeroespacial global líder, desarrolla y fabrica aviones comerciales, productos de defensa y sistemas espaciales para clientes en más de 150 países.

보잉 [NYSE: BA]은 켈리 오버트가 2024년 8월 8일부터 회사의 새로운 사장兼 CEO가 된다고 발표했습니다. 64세의 오버트는 항공우주 분야에서 35년 이상의 리더십 경험을 가지고 있으며, 2020년 1월부터 CEO로 재직 중인 데이브 칼훈을 이어받습니다. 보잉 이사회는 오버트를 선출하기 위해 광범위한 검색 절차를 수행했으며, 복잡한 공학 및 제조업체를 이끄는 경험을 강조했습니다.

오버트의 경력에는 텍사스 인스트루먼트, 록웰 콜린스, RTX에서의 리더십 역할이 포함됩니다. 그는 아이오와 대학교에서 기계 공학 학위를 받았으며 항공우주 산업 협회 등 여러 산업 위원회에서 활동했습니다. 보잉은 상업용 항공기, 방위 제품 및 우주 시스템을 개발하고 제조하는 글로벌 항공우주 선도 기업으로, 150개국 이상에 고객을 두고 있습니다.

Boeing [NYSE: BA] a annoncé que Kelly Ortberg sera le nouveau président et CEO de l'entreprise, à compter du 8 août 2024. Ortberg, âgé de 64 ans, apporte plus de 35 ans d'expérience en leadership dans l'industrie aérospatiale et succédera à Dave Calhoun, qui prendra sa retraite après avoir été CEO depuis janvier 2020. Le conseil d'administration de Boeing a mené un processus de recherche approfondi pour sélectionner Ortberg, soulignant son expérience dans la direction d'entreprises complexes d'ingénierie et de fabrication.

La carrière d'Ortberg inclut des postes de direction chez Texas Instruments, Rockwell Collins et RTX. Il est titulaire d'une licence en ingénierie mécanique de l'Université de l'Iowa et a siégé dans plusieurs conseils de l'industrie, y compris l'Association des industries aérospatiales. Boeing, une entreprise aérospatiale mondiale de premier plan, développe et fabrique des avions commerciaux, des produits de défense et des systèmes spatiaux pour des clients dans plus de 150 pays.

Boeing [NYSE: BA] hat angekündigt, dass Kelly Ortberg ab dem 8. August 2024 neuer Präsident und CEO des Unternehmens wird. Ortberg, 64 Jahre alt, bringt über 35 Jahre Erfahrung in der Führung der Luft- und Raumfahrtindustrie mit und wird Dave Calhoun nachfolgen, der nach seiner Amtszeit als CEO seit Januar 2020 in den Ruhestand geht. Der Boeing-Vorstand führte einen umfassenden Suchprozess durch, um Ortberg auszuwählen und hob seine Erfahrung in der Leitung komplexer Ingenieur- und Fertigungsunternehmen hervor.

Ortbergs Karriere umfasst Führungspositionen bei Texas Instruments, Rockwell Collins und RTX. Er hat einen Abschluss in Maschinenbau von der University of Iowa und hat in mehreren Industrieverbänden gedient, darunter der Aerospace Industries Association. Boeing, ein führendes globales Luft- und Raumfahrtunternehmen, entwickelt und produziert Verkehrsflugzeuge, Verteidigungsprodukte und Weltraumsysteme für Kunden in über 150 Ländern.

Positive
  • Appointment of experienced aerospace leader Kelly Ortberg as new CEO
  • Ortberg brings 35+ years of industry experience to the role
  • Smooth leadership transition planned for August 8, 2024
Negative
  • Departure of current CEO Dave Calhoun, potentially disrupting ongoing strategies

The appointment of Kelly Ortberg as Boeing's new President and CEO marks a significant leadership transition for the aerospace giant. Ortberg's extensive 35-year experience in the aerospace industry, including his tenure as CEO of Rockwell Collins, positions him well to navigate Boeing's complex challenges.

Key points to consider:

  • Ortberg's background in engineering and manufacturing aligns with Boeing's core competencies, potentially enhancing operational efficiency and innovation.
  • His experience with mergers and integrations (Rockwell Collins with United Technologies) could be valuable if Boeing pursues strategic partnerships or acquisitions.
  • The emphasis on "safety and quality" in Ortberg's statement addresses Boeing's recent challenges, signaling a focus on rebuilding trust and reputation.

However, investors should note that leadership transitions often bring short-term uncertainty. Ortberg will need to quickly establish his vision and strategy for Boeing, particularly in addressing ongoing issues with the 737 MAX and other product lines. His performance will be closely scrutinized in the coming quarters.

The board's decision to bring in an external candidate, rather than promoting from within, suggests a desire for fresh perspective and potentially significant changes in Boeing's corporate culture and strategy. This could lead to shifts in the company's approach to product development, customer relations and regulatory compliance.

Kelly Ortberg's appointment as Boeing's new CEO comes at a critical juncture for the company and the broader aerospace industry. Several factors merit attention:

  • Ortberg's leadership of Rockwell Collins during a period of significant industry consolidation (merger with United Technologies) provides him with valuable experience in navigating complex industry dynamics.
  • His background with avionics and aircraft systems at Rockwell Collins could drive increased focus on technological innovation at Boeing, potentially accelerating the development of next-generation aircraft systems.
  • Ortberg's role as former Chair of the Aerospace Industries Association suggests strong industry connections, which could be leveraged to improve Boeing's relationships with suppliers, customers and regulators.

The timing of this transition is noteworthy, as the aerospace industry faces several challenges and opportunities:

  • Post-pandemic recovery in commercial air travel demand
  • Increasing focus on sustainable aviation technologies
  • Growing competition from emerging players in both commercial and defense sectors

Ortberg's ability to position Boeing effectively in these areas will be important for the company's long-term competitiveness. Investors should monitor early indicators of his strategic priorities and any shifts in Boeing's approach to key programs like the 737 MAX, 787 Dreamliner and future aircraft development initiatives.

ARLINGTON, Va., July 31, 2024 /PRNewswire/ -- Boeing [NYSE: BA] today announced that its Board of Directors has elected Robert K. "Kelly" Ortberg as the company's new president and chief executive officer, effective August 8, 2024. Ortberg will also serve on Boeing's Board of Directors.

He will succeed Dave Calhoun, who earlier this year announced his intention to retire from the company, having served as president and CEO since January 2020, and as a member of Boeing's Board of Directors since 2009.

"The Board conducted a thorough and extensive search process over the last several months to select the next CEO of Boeing and Kelly has the right skills and experience to lead Boeing in its next chapter," said Steven Mollenkopf, Chair of the Board. "Kelly is an experienced leader who is deeply respected in the aerospace industry, with a well-earned reputation for building strong teams and running complex engineering and manufacturing companies. We look forward to working with him as he leads Boeing through this consequential period in its long history."

"The Board would also like to thank Dave Calhoun for his strong leadership at Boeing, first as Chair and then as CEO, when he stepped in to steer the company through the challenges of recent years," added Mollenkopf.

"I'm extremely honored and humbled to join this iconic company," said Ortberg. "Boeing has a tremendous and rich history as a leader and pioneer in our industry, and I'm committed to working together with the more than 170,000 dedicated employees of the company to continue that tradition, with safety and quality at the forefront. There is much work to be done, and I'm looking forward to getting started." 

Ortberg, 64, brings over 35 years of aerospace leadership to this position. He began his career in 1983 as an engineer at Texas Instruments, and then joined Rockwell Collins in 1987 as a program manager and held increasingly important leadership positions at the company prior to becoming its president and CEO in 2013. After five years leading Rockwell Collins, he steered the company's integration with United Technologies and RTX until his retirement from RTX in 2021. He has held a number of important leadership posts in industry, including serving on the Board of Directors of RTX. Additionally, he serves on the Board of Directors of Aptiv PLC, a global technology company and an industry leader in vehicle systems architecture. He is the former Chair of the Aerospace Industries Association (AIA) Board of Governors.

Ortberg holds a bachelor's degree in mechanical engineering from the University of Iowa.

As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing's diverse team is committed to innovating for the future, leading with sustainability, and cultivating a culture based on the company's core values of safety, quality and integrity. Join our team and find your purpose at boeing.com/careers.

Contact
Boeing Media Relations
media@boeing.com

 

Cision View original content:https://www.prnewswire.com/news-releases/boeing-board-names-kelly-ortberg-president-and-ceo-302210997.html

SOURCE Boeing

FAQ

Who is the new CEO of Boeing (BA)?

Kelly Ortberg has been named the new president and CEO of Boeing (BA), effective August 8, 2024.

When will Kelly Ortberg start as Boeing's (BA) new CEO?

Kelly Ortberg will start as Boeing's (BA) new president and CEO on August 8, 2024.

What is Kelly Ortberg's background before joining Boeing (BA)?

Kelly Ortberg has over 35 years of aerospace leadership experience, including roles at Texas Instruments, Rockwell Collins, and RTX. He was previously the president and CEO of Rockwell Collins from 2013 to 2018.

Who is Kelly Ortberg replacing as CEO of Boeing (BA)?

Kelly Ortberg is replacing Dave Calhoun, who has served as Boeing's (BA) president and CEO since January 2020 and is now retiring.

Boeing Company

NYSE:BA

BA Rankings

BA Latest News

BA Stock Data

96.73B
616.17M
0.14%
67.59%
1.98%
Aerospace & Defense
Aircraft
Link
United States of America
ARLINGTON