(AP) – Boeing has named its next chief executive as they look to open a new chapter at a company rocked by legal, regulatory and production problems and mounting financial repercussions.

Robert “Kelly” Ortberg, a former CEO at aerospace manufacturer Rockwell Collins, will succeed David Calhoun as CEO and president effective Aug. 8.

Boeing Chairman Steven Mollenkopf said Ortberg was chosen after a thorough and extensive search process.

Calhoun, who said he wasn’t involved in the hiring decision, is expected to serve as a special adviser to Boeing’s board of directors until next March.

The new CEO’s first task will be working with the FAA to help Boeing reach its goal of increasing production of Max jets.

The company said that it is sticking with its plans to boost production of the Max to 38 per month by year end.

Boeing announced its new CEO as it reported a loss of more than $1.4 billion on falling revenue during the second quarter.

The disappointing results came at a tumultuous time for Boeing, which is the subject of multiple investigations into its safety culture and manufacturing quality.