Boeing Names New CEO as It Posts Bigger Loss Than Expected in Second Quarter

Boeing has announced that Kelly Ortberg, 64, will replace Dave Calhoun, 67, as CEO, with Ortberg assuming his duties on August 8. This leadership change comes amidst a safety crisis and a tumultuous period for the company. Boeing reported a widened $1.44 billion second-quarter loss, with revenue falling 15% from the previous year. The company's commercial-airplanes business and defense unit both lost money, with the defense unit having lost billions of dollars in 2023 and 2022.