San Francisco, July 31 (Xinhua) -- Boeing announced on July 31 local time that Kelly Oterberg, who previously served as President and CEO of Rockwell Collins, will become President and CEO of Boeing.
Boeing announced in a statement on the same day that the company's board of directors has elected Ottoberg as the new president and CEO of the company, effective August 8, 2024. Ottoberg will also become a member of the company's board of directors.
Boeing stated that 64 year old Ottoberg began working as an engineer at Texas Instruments in 1983, became a project manager at Rockwell Collins in 1987, and became the company's president and CEO in 2013. According to The New York Times, the company manufactures electronic systems and other equipment for aircraft. Boeing and Airbus are the main customers of Rockwell Collins, whose products appear on aircraft models such as the 737 Max.
At the end of 2018, Rockwell Collins was acquired by United Technologies Corporation, and Ultraberg held a senior position in the new company. At the beginning of 2020, United Technologies Corporation merged with Raytheon to become Raytheon Technologies Corporation. Ottoberg retired from the company in 2021.
Since the beginning of this year, Boeing aircraft have experienced incidents such as embedded emergency doors falling off, engine fires, tire drops, runway crashes, and wing damage, putting pressure on the aircraft manufacturer from US regulatory agencies, airlines, and Congress.
On March 25, 2024, Boeing CEO Dave Calhoun announced that he would step down at the end of that year. He stated in a media interview that the decision to resign was entirely made by himself. The New York Times reported that Calhoun will continue to serve as a special advisor to the Boeing board of directors until March 2025.
Boeing reported a net loss of $1.44 billion in the second quarter, compared to a net loss of $149 million in the same period last year. (End)