Boeing appointed a new CEO on Wednesday following a reported core operating loss of $1.4 billion in the second quarter, a figure more than three times the loss from the previous year. This significant loss, attributed to heightened safety and quality inspections, has hindered the company's aircraft production and its path to profitability.
Robert "Kelly" Ortberg, the former CEO of supplier Rockwell Collins, has been named as the new CEO of Boeing, effective August 8. He will succeed the retiring CEO Dave Calhoun, who has faced criticism over the company's ongoing issues.
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