Boeing Picks Ex-Lockheed Finance Chief Jay Malave as CFO From Aug. 15

Boeing Co. said it has elected Jesus “Jay” Malave as executive vice-president and chief financial officer, effective 15 August. Malave, most recently finance chief at Lockheed Martin and previously at L3Harris Technologies and United Technologies, will take over from Brian West, who will become senior adviser to Chief Executive Officer Kelly Ortberg. West has held the top finance post for four years and helped steer Boeing through a turbulent period that included a US$24 billion share sale in 2024—one of the largest corporate equity offerings on record—and the US$10.6 billion divestiture of the Jeppesen navigation and other digital businesses this year. The company said West will continue to offer counsel as Boeing presses ahead with safety and quality improvements. Malave is expected to lead Boeing’s financial strategy, long-range planning and investor relations as the planemaker works to restore output and profitability after a series of production setbacks and regulatory probes. Boeing shares were little changed following the announcement, recently up about 0.3 percent in post-market trading at US$209.50.