financetom
Business
financetom
/
Business
/
New Boeing CEO seeks to restore trust, stay close to production
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
New Boeing CEO seeks to restore trust, stay close to production
Aug 8, 2024 5:37 AM

WASHINGTON (Reuters) - Boeing's ( BA ) new boss Kelly Ortberg will meet factory workers near Seattle on Thursday and pledged to be closer to the U.S. planemaker's production lines, as he faces the steep task of "restoring trust," according to a message to employees seen by Reuters.

The former Rockwell Collins boss on Thursday is taking over as head of the U.S. planemaker, which is bleeding cash and beset by company-wide problems expected to take years to fix.

Ortberg's extensive to-do list includes mending relationships with airlines and employees, boosting output, repairing company finances and securing a labor deal to avoid a possible worker strike this year.

Ortberg, 64, said he plans to be based in Seattle to be close to Boeing's ( BA ) commercial airplane programs, such as the 737 MAX whose production has slowed following a Jan. 5 mid-air panel blowout on a near-new model. Boeing ( BA ) is currently producing about 25 MAX jets a month, with a target of 38 per month by year-end.

"Because what we do is complex, I firmly believe that we need to get closer to the production lines and development programs across the company," he wrote in the letter. "In fact, I'll be on the factory floor in Renton today, talking with employees and learning about challenges we need to overcome."

Ortberg also plans to visit employees at Boeing's ( BA ) key supplier Spirit AeroSystems in Wichita, Kansas, next week, two sources familiar with the matter told Reuters. Last month Boeing ( BA ) agreed to buy back Spirit Aero, whose core plants it spun off in 2005, for $4.7 billion in stock.

"Soon I'll be visiting many of our sites and I look forward to meeting with teammates around the world," the letter said.

"Restoring trust starts with meeting our commitments -- whether that's building high quality, safe commercial aircraft, delivering on defense and space products that allow our customers to meet their mission," Ortberg added in the note.

"People's lives depend on what we do every day, and we must keep that top of mind with every decision we make."

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Baker CEO says 2025 resilience driven by AI growth, sees oil investment slowdown
Baker CEO says 2025 resilience driven by AI growth, sees oil investment slowdown
Oct 24, 2025
Oct 24 (Reuters) - Baker Hughes ( BKR ) CEO Lorenzo Simonelli said on Friday the global macro environment remains resilient through 2025, despite geopolitical and policy headwinds, supported by the rapid deployment of generative artificial intelligence driving power demand and industrial activity. Simonelli said the company remains confident of reaching $1.5 billion in data center orders ahead of its...
Q Precious & Battery Metals Raises $866,000 in First Tranche of Private Placement
Q Precious & Battery Metals Raises $866,000 in First Tranche of Private Placement
Oct 24, 2025
10:39 AM EDT, 10/24/2025 (MT Newswires) -- Q Precious & Battery Metals ( BTKRF ) said Friday it has raised $886,000 in the first tranche of its private placement of units and shares. The company issued 5.4 million flow-through (FT) units at $0.09 apiece, raising $486,000. Each FT Unit consists of one share and half a two-year warrant to buy...
Brussels to host EU-China talks on rare earth export controls
Brussels to host EU-China talks on rare earth export controls
Oct 24, 2025
BRUSSELS (Reuters) -European Union and Chinese officials will meet in Brussels next week looking to smooth trade tensions, notably China's expansion of controls on rare earth exports that threaten to damage important EU manufacturing sectors such as the automotive industry. European Trade Commissioner Maros Sefcovic and Chinese Commerce Minister Wang Wentao agreed in a two-hour video call on Tuesday that...
Baker CEO says 2025 resilience driven by AI growth, sees oil investment slowdown
Baker CEO says 2025 resilience driven by AI growth, sees oil investment slowdown
Oct 24, 2025
(Reuters) -Baker Hughes ( BKR ) CEO Lorenzo Simonelli said on Friday the global macro environment remains resilient through 2025, despite geopolitical and policy headwinds, supported by the rapid deployment of generative artificial intelligence driving power demand and industrial activity. Simonelli said the company remains confident of reaching $1.5 billion in data center orders ahead of its original three-year target...
Copyright 2023-2026 - www.financetom.com All Rights Reserved