Boeing Names New CEO Amid Posting $1.4B in Losses

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AUG 2024

Above: The Boeing office building is shown May 6, 2022 in the Crystal City section of Arlington, Virginia. Image copyright: Win McNamee/Staff/Getty Images News via Getty Images

story last updated JAN 31

The Spin

Narrative A

In this extremely difficult period, Boeing couldn't have done better than naming Ortberg as the next CEO. A mechanical engineer who built one of the aviation industry's most respected suppliers, his reputation is excellent and he has all the skills necessary to turn the company around.

Forbes

Narrative B

While Ortberg has a good résumé, it's not clear that one man can turn all of Boeing's problems around. There are serious problems with the company — there's no guarantee that with a mere change at the top, the firm will be able to recover from all the mistakes it has made in the past few years.

CNN