XM does not provide services to residents of the United States of America.

Who is Boeing's new CEO Kelly Ortberg?



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>FACTBOX-Who is Boeing's new CEO Kelly Ortberg?</title></head><body>

July 31 (Reuters) -Boeing BA.N named former Rockwell Collins executive Kelly Ortberg as its new President and CEO, tasking the aerospace industry veteran with turning the struggling planemaker around.

The appointmentcomes after months of deliberation from Boeing as it tries to salvage its reputation and addresses questions around safety after an Alaska Airlines ALK.N operated MAX 9 jet experienced a mid-air panel blowout.

Here aresome facts about Kelly Ortberg, who starts the new job on Aug. 8:


WHO IS ORTBERG?

Ortberg, 64, is a Dubuque, Iowa native and has over three decades of experience in the aerospace industry. He holds a bachelor's degree in mechanical engineering from the University of Iowa.


CAREER

Ortberg began his career as an engineer at semiconductor maker Texas Instruments TXN.O before moving to aircraft electronics supplier Rockwell Collins as a program manager and holding key leadership roles at the company prior to becoming its CEO in 2013.

He steered the company's merger with United Technologies and RTX until his retirement in 2021.

During his tenure at Rockwell Collins Ortberg also oversaw the company's development programs for Airbus A350 XWB, Boeing 787 and the Bombardier CSeries.

Ortberg also serves on the board of automotive parts supplier Aptiv PLC APTV.N and used to chair the Aerospace Industries Association (AIA) Board of Governors.


WHAT'S EXPECTED?

Ortberg's focus will be on navigating Boeing through its safety and regulatory hurdles, while the US planemaker attempts to catch up with rival Airbus AIR.PA.

"There is much work to be done, and I'm looking forward to getting started," Ortberg said after being appointed as Boeing's CEO.

Apart from the Alaska Airlines fiasco, Boeing's Starliner spacecraft has been docked to the ISS since June 6 after ferrying its first crew of astronauts there, having had its test mission drawn out after a series of issues involving its thrusters and leaks of helium.

The company posted a loss of $1.4 billion in the latest reported quarter and continues to burn cash.



Reporting by Nathan Gomes in Bengaluru; Editing by Nivedita Bhattacharjee

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.