Overview

• Jesus “Jay” Malave will take over as chief financial officer on August 15, overseeing financial strategy, investor relations, treasury, audit and enterprise services and reporting directly to Kelly Ortberg.
• Brian West will move into a senior advisor role after helping secure more than $44 billion in debt and equity and leading divestments including the $10.6 billion Jeppesen sale.
• Stephen Parker, who has led the defense, space and security unit on an interim basis since September, will now hold the position permanently.
• The leadership shake-up is designed to reinforce financial controls and governance under Ortberg’s multiyear turnaround plan.
• Fitch Ratings upgraded Boeing’s credit outlook to stable, citing stronger production, greater liquidity and reduced downgrade risks.