Reuters
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The planemaker mentioned Steve Parker, the unit’s chief working officer, will take over Colbert’s obligations till a alternative is called at a later date.
“I’d prefer to share that Ted Colbert, president and CEO of Boeing Protection, House & Safety (BDS), might be leaving Boeing, and that l’ve requested Steve Parker to briefly oversee BDS, efficient instantly, till a alternative for Ted is called at a later date,” Kelly Ortberg, Boeing’s president and CEO, mentioned Friday in an announcement.
“I wish to thank Ted for his 15 years of service at The Boeing Firm, supporting our prospects, our folks and our communities. At this crucial juncture, our precedence is to revive the belief of our prospects and meet the excessive requirements they count on of us to allow their crucial missions all over the world. Working collectively we are able to and can enhance our efficiency and guarantee we ship on our commitments.”
Colbert’s departure comes at a time when Boeing has been attempting to save lots of money by saying furloughs amid a strike by greater than 32,000 of its staff.
In the newest quarter, Boeing’s Protection, House & Safety unit misplaced $913 million, up from the $527 million loss in the identical interval a yr in the past, after a slender revenue within the first quarter. It posted an annual lack of $1.8 billion in 2023, down from 2022. However each the second quarter loss and the 2023 full-year loss had been greater than the corporate’s troubled business plane unit misplaced in the identical durations.
Boeing’s shares closed down about 1% on Friday and have misplaced about 41% to this point this yr.
(Reuters reporting by Utkarsh Shetti in Bengaluru; Reuters Enhancing by Shounak Dasgupta)
