Boeing’s new CEO Kelly Ortberg faces a major overhaul, from factories to finances

Boeing’s incoming boss, Kelly Ortberg, faces a herculean task when he starts next week – restoring the might of a U.S. corporate powerhouse rocked by multiple crises. The former Rockwell Collins boss is returning from retirement to head the 108-year-old U.S. planemaker, which is bleeding cash and beset by companywide problems expected to take years to fix. His 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 later this year. Current and former airline executives told Reuters they are optimistic about Ortberg’s aerospace and engineering expertise and his status as an outsider untethered to Boeing’s past. But the 64-year-old has a hefty task.

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