Boeing Appoints Kelly Ortberg as CEO Amid $1.4 Billion Quarterly Loss

Ortberg, former Rockwell Collins CEO, faces the challenge of revitalizing Boeing's safety culture and financial stability.

Ortberg's appointment follows a difficult executive search, with many candidates declining the role.
Boeing's recent financial results showed a $1.4 billion loss and a 15% drop in revenue.
The company faces multiple investigations and increased FAA oversight following safety incidents.
Ortberg's immediate tasks include boosting aircraft production and addressing supply-chain issues.
Analysts believe Ortberg's engineering background and outsider perspective could help restore Boeing's reputation.