Bank of America senior aerospace analyst Ron Epstein shared his thoughts on the current state of aerospace giant Boeing as the company names a new CEO.
Boeing Co.’s new CEO, Kelly Ortberg, took over the helm of the struggling aerospace giant on Thursday and kicked off her first day on the job with a message to employees.
In a memo shared with FOX Business, Ortberg told workers “we clearly have much work to do to restore trust” and laid out his vision for getting there.
Kelly Ortberg was named Boeing’s new president and CEO on Thursday. (Photographer: Daniel Acker/Bloomberg via Getty Images/Getty Images)
Ortberg vowed to be close and transparent on the production line, emphasizing the need for the company to deliver on its promises and for its team of 170,000 people to work together.
“I strongly believe that the complexity of our operations requires that I be closer to our production lines and development programs throughout the company,” he wrote in the letter. “In fact, I will be on the factory floor in Renton today to speak with employees and learn about the challenges we must overcome.”
Boeing’s new CEO Kelly Ortberg: What you need to know
Ortberg, 64, succeeds former CEO Dave Calhoun and is also Boeing’s new president and director.
Boeing’s regional headquarters in Arlington, Virginia. (Photo: Olivier D’Uglier/AFP via Getty Images/Getty Images)
Ortberg’s lengthy to-do list includes repairing relationships with airlines and employees, increasing production, reviving the company’s finances and securing a labor agreement to avoid possible worker strikes this year.
Alaska Airlines flight attendant reveals shocking details of mid-air explosion
Former Rockwell Collins president Seattle That’s to get closer to Boeing’s commercial-aircraft programs, including the 737 Max, which has seen production slow since a mid-air panel ruptured on Jan. 5 on a nearly new plane.
| Ticker | safety | last | change | change % |
|---|---|---|---|---|
| BA | Boeing | 166.91 | +3.62 |
+2.22% |
“Restoring trust starts with delivering on our promises: building high-quality, safe commercial airplanes, delivering defense and space products that enable our customers to accomplish their missions, and maintaining those products so they keep operating 24/7,” he wrote.
Click here to get FOX Business on the go
“People’s lives depend on our actions every day and we must keep that in mind as we make every decision.”
Reuters contributed to this report.
