Skift Take
Ortberg is an industry veteran with more than 35 years in the aerospace sector. Heading up Boeing will be his biggest challenge yet.
Boeing has named Kelly Ortberg, the former CEO of aerospace company Rockwell Collins, as its new president and CEO. He will succeed Dave Calhoun from August 8.
Ortberg started his career in the early 1980s as an engineer at technology firm Texas Instruments. In 1987 he joined Rockwell Collins as a program manager and steadily rose up the corporate ranks. He was appointed its president and CEO in 2013.
After five years at the top of Rockwell Collins, he navigated the business through its integration with United Technologies and RTX. He retired from the firm in 2021.
Steven Mollenkopf, Chair of the Board at Boeing said: “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.”
Calhoun’s Successor Confirmed
In March, Calhoun said he would step down from the company, having served as president and CEO since January 2020 and as a member of its Board of Directors since 2009.
Calhoun was appointed Boeingâs CEO as the plane maker was reeling from the fallout of two fatal crashes with the 737 Max 8. His core mission was to steady the ship and rebuild confidence in the brand.
However, Calhoun’s tenure was not without controversy. His retirement from Boeing formed part of a wider series of senior personnel changes following an incident onboard an Alaska Airlines plane on January 5, when a door plug blew off mid-flight. The accident brought renewed scrutiny to the plane maker and its processes.
Calhoun’s predecessor, Dennis Muilenburg, was ousted due to the the numerous issues with the 737 Max rollout. During that time, Boeing drew the ire of lawmakers after an employee testified to Congress that the plane maker had ignored safety concerns when building the 737 Max.
Calhoun will serve as a special advisor to the Board of Directors until March 2025.
This is a breaking story that will be updated.
Airlines Sector Stock Index Performance Year-to-Date
What am I looking at? The performance of airline sector stocks within the ST200. The index includes companies publicly traded across global markets including network carriers, low-cost carriers, and other related companies.
The Skift Travel 200 (ST200) combines the financial performance of nearly 200 travel companies worth more than a trillion dollars into a single number. See more airlines sector financial performance.
Read the full methodology behind the Skift Travel 200.
