Transportation
Boeing Defense Chief Exits as New CEO Shakes Up Top Ranks
- Division has lost billions of dollars through cost overruns
- Priority is to restore the trust of our customers:’ Ortberg
Ted Colbert
Photographer: Christopher Pike/BloombergThis article is for subscribers only.
Boeing Co. ousted the top executive for its defense and space division, in the first major shakeup by Kelly Ortberg since he took over as chief executive officer last month.
Ted Colbert, a 15-year veteran at Boeing, will leave the company with immediate effect and be succeeded on an interim basis by Steve Parker, the defense unit’s chief operating officer, Ortberg said in a message to employees on Friday.