Who Is Boeing's New CEO Kelly Ortberg? Former Rockwell Collins Chief Comes Out Of Retirement
Portfolio Pulse from Hayden Buckfire
Boeing Co (NYSE:BA) has appointed Kelly Ortberg, former CEO of Rockwell Collins, as its new chief executive, replacing Dave Calhoun. The company has faced significant criticism and legal challenges following safety incidents and the grounding of its 737 Max fleet. Boeing's stock has declined over 20% in the past year and over 40% in the last five years.
July 31, 2024 | 3:39 pm
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Boeing has appointed Kelly Ortberg as its new CEO, replacing Dave Calhoun. The company has faced significant criticism and legal challenges, including safety incidents and a lawsuit by the U.S. Department of Justice. Boeing's stock has declined over 20% in the past year and over 40% in the last five years.
The appointment of a new CEO with a strong background in aerospace could be seen as a positive step towards addressing Boeing's ongoing challenges. Investors may view this leadership change as a potential catalyst for improvement, leading to a short-term positive impact on the stock price.
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