Boeing (NYSE: BA) has announced a significant change in its chief financial officer (CFO) role, with Brian West transitioning to a senior advisor position, and Jesus “Jay” Malave taking on the role of executive vice president and CFO, effective August 15th.
During West's tenure as CFO over the last four years, Boeing navigated through a historic capital raise and ensured the company had the necessary resources to strengthen safety and quality across its operations. His successor, Malave, will assume responsibilities including leading Boeing’s financial strategy, reporting, long-range business planning, investor relations, treasury, controller and audit operations, as well as overseeing Enterprise Services.
Malave brings a wealth of experience, having previously served as CFO of Lockheed Martin and held senior leadership positions at L3Harris Technologies and United Technologies Corporation. His background includes developing people and teams across complex aerospace and manufacturing businesses.
Boeing's upcoming CFO transition comes at a critical time as the company continues to make progress on its recovery and implement fundamental changes rooted in safety and quality. The company is focused on building its next chapter, with Malave at the financial helm.
As Boeing enters this new phase, investors and stakeholders will be closely watching how the transition in leadership impacts the company's financial performance and strategic direction. Today the company's shares have moved 1.83% to a price of $215.92. Check out the company's full 8-K submission here.
