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Boeing Appoints Ex-Collins CEO Kelly Ortberg, Aiming Renewed Growth

#BoeingLeadership #KellyOrtberg #AerospaceInnovation

Boeing Taps Former Collins Aerospace CEO Kelly Ortberg to Replace Dave Calhoun

Boeing has announced that Kelly Ortberg, the former CEO of Collins Aerospace, will be taking over as the new CEO, replacing Dave Calhoun. This significant leadership change comes at a crucial time for the aerospace giant, which has faced numerous challenges in recent years.

A New Era for Boeing

Kelly Ortberg, known for his extensive experience in the aerospace industry, is poised to bring a fresh perspective to Boeing. His tenure at Collins Aerospace, a leading provider of avionics and information technology solutions, has equipped him with the necessary expertise to navigate the complexities of the industry.

Challenges Ahead

Boeing has faced significant setbacks, including the grounding of its 737 MAX fleet following two fatal crashes, as well as delays in the development of its Starliner spacecraft. Ortberg's leadership will be crucial in addressing these issues and restoring confidence in the company.

Market Impact

The news of Ortberg's appointment has sent ripples through the market, with Boeing's stock ($BA) experiencing a slight uptick. As the company moves forward under new leadership, investors will be closely watching for signs of improvement.

A New Chapter

With Kelly Ortberg at the helm, Boeing is poised to enter a new chapter in its history. His experience and expertise will be invaluable in guiding the company through its current challenges and positioning it for future success.

Original Article: https://www.cnbc.com/2024/07/31/boeing-taps-former-collins-aerospace-ceo-kelly-ortberg-to-replace-dave-calhoun.html

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