Kelly Ortberg

Boeing has appointed Kelly Ortberg to succeed Dave Calhoun. Ortberg, a seasoned aerospace veteran from outside the company, steps in as Boeing grapples with ongoing safety and manufacturing crises. The company faces multiple challenges, including plane safety issues, persistent financial losses, increased regulatory scrutiny, supply chain disruptions, a crisis of confidence among airline customers due to delivery delays, cost overruns in its defense unit, and contentious labor negotiations, now involving the threat of a strike. All these issues have really hurt Boeing and they are hoping Ortberg can help.

According to a company securities filing, Boeing will pay Ortberg an annual base salary of $1.5 million, with incentives for the next year valued at $20.5 million. This year, Ortberg is set to receive $1.25 million in cash and additional compensation valued at $16 million. Given Boeing's recent production and serious safety crises, this compensation seems substantial. The company is still dealing with the repercussions of two deadly crashes involving its Max planes in 2018 and 2019, which resulted in 346 fatalities.

Boeing pleaded guilty to a federal fraud charge, a consequence that some believe should have been more severe. This was according to CNBC.

Kelly Ortberg will officially take over from Dave Calhoun on August 8th, 2024.

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Kelly Ortberg CEO Boeing

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Kelly Ortberg is the Chief Executive Officer of Collins Aerospace, a United Technologies Company. Formed in 2018 through the merger of UTC Aerospace Systems and Rockwell Collins, Collins Aerospace is a global leader in aviation and defense markets, boasting $23 billion in annual sales and employing 70,000 people worldwide.

Before his current role, Kelly served as chairman, president, and CEO of Rockwell Collins, where he began his career over 30 years ago as a program manager. He also held key positions such as executive vice president and chief operating officer of the company’s Government Systems business (2010-2012) and chief operating officer of its Commercial Systems business (2006-2010).

Under Kelly’s leadership, Rockwell Collins completed its two largest acquisitions: B/E Aerospace in 2017 and ARINC in 2013. He was instrumental in securing high-profile program wins across the aerospace and defense industries, leading the company to the Fortune 500 list. Rockwell Collins earned several prestigious awards during his tenure, including being named one of the World’s Most Ethical Companies by Ethisphere Institute and one of America’s Best Large Employers by Forbes. In 2017, Kelly was recognized as a Highest Rated CEO by Glassdoor. He also serves on the University of Iowa Engineering Advisory Board, the Board of Governors of the Aerospace Industries Association, and is the co-chairman of the board of directors of FIRST®. Kelly, a native of Dubuque, Iowa, holds a Bachelor of Science degree in Mechanical Engineering from the University of Iowa.

University of Iowa

  • Degree: Bachelor of Science (BS) in Mechanical Engineering
  • Year: 1982

LinkedIn: https://www.linkedin.com/in/kelly-ortberg/

Company: https://www.boeing.com/

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