Boeing (NYSE: BA) has announced a transition in its chief financial officer role, with Jesus “Jay” Malave elected as the incoming executive vice president and chief financial officer effective August 15, 2025. Malave, who was most recently CFO of Lockheed Martin and held previous positions at L3Harris Technologies and United Technologies Corporation, will lead Boeing’s financial strategy, reporting, long-range business planning, investor relations, treasury, controller and audit operations, as well as Enterprise Services.
During the last four years under outgoing CFO Brian West, Boeing navigated its recovery and positioned the company for the future. West successfully guided the company through a historic capital raise last year and ensured resources were available to strengthen safety and quality across operations.
Boeing's financial performance in the last period under West's leadership saw revenues of $58.16 billion, representing a 6% increase compared to the same period last year. The company reported a net income of $1.75 billion, reflecting a significant improvement from the previous period. Operating cash flow stood at $5.32 billion, showing a 19% increase year-over-year, while free cash flow reached $4.1 billion, marking an 11% rise from the same period in the previous year.
Malave's appointment comes at a crucial time for Boeing as the company continues to make progress on its recovery and implement fundamental changes rooted in safety and quality. With Malave's extensive experience in developing people and teams across complex aerospace and manufacturing businesses, Boeing aims to build its next chapter under his financial leadership. Following these announcements, the company's shares moved 1.83%, and are now trading at a price of $215.92. For more information, read the company's full 8-K submission here.
