Overview

• Jesus “Jay” Malave, who served as CFO at Lockheed Martin and L3Harris Technologies, will become Boeing’s executive vice president and chief financial officer on August 15.
• Brian West will transition into a senior adviser role to CEO Kelly Ortberg on the same date after leading a $24 billion equity raise and $10.6 billion sale of digital assets to shore up Boeing’s balance sheet.
• As CFO, Malave will oversee financial strategy, long-range planning, investor relations, treasury, controller and audit operations plus global real estate holdings.
• Boeing remains subject to elevated safety and quality investigations following the June crash of an Air India 787 Dreamliner as it works to rebuild stakeholder trust.
• Shares rose 0.3% in after-hours trading in New York after initially falling 2.3% on the news of the leadership change.