On Wednesday, Boeing named Robert “Kelly” Ortberg, a longtime aerospace executive, as the new CEO.
Ortberg will succeed Dave Calhoun, who announced in March that he will be stepping down, on Aug. 8.
“Boeing has a tremendous and rich history as a leader and pioneer in our industry, and I’m committed to working together with the more than 170,000 dedicated employees of the company to continue that tradition, with safety and quality at the forefront,” Ortberg said in a statement. “There is much work to be done, and I’m looking forward to getting started.”
Boeing’s announcement comes the same day that the company reported a second-quarter loss of $1.4 billion, coming out to more than three times the loss from a year earlier. In the second quarter, Boeing delivered a total of 92 aircraft, down 32% from last year.
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The company has dealt with controversy after controversy, from pleading guilty for its role in two fatal 737 Max crashes last week to having a door plug blowing out in an Alaska Airlines 737 in January.
Ortberg previously led Rockwell Collins, an aerospace supplier, and was selected via an extensive search over the last several months, according to Boeing’s chairman, Steve Mollenkopf.