Boeing Names New CFO Amid Leadership Transition

By Bobby Samwell • Sunday, July 06 15:12 • Permanent Link

Boeing [NYSE: BA] has announced a change in its chief financial officer (CFO) role, with Brian West transitioning to a senior advisor role to Boeing President and CEO Kelly Ortberg. Jesus "Jay" Malave has been elected as the incoming executive vice president and CFO, effective August 15.

Brian West, who served as Boeing CFO for the last four years, has been instrumental in guiding the company through significant milestones. Under his leadership, Boeing successfully navigated a historic capital raise and ensured the availability of resources to strengthen safety and quality across operations.

Jesus "Jay" Malave, the incoming CFO, brings with him extensive financial and business leadership experience. He is set to lead Boeing's financial strategy, reporting, long-range business planning, investor relations, treasury, controller and audit operations, as well as Enterprise Services, including global real estate and facilities.

Malave's background includes serving as CFO of Lockheed Martin and holding senior vice president and CFO positions at L3Harris Technologies. His more than 20 years at United Technologies Corporation, including key CFO roles, further solidify his expertise in complex aerospace and manufacturing businesses.

As Boeing continues its recovery and implements fundamental changes centered around safety and quality, the transition in CFO leadership comes at a crucial time. Jay Malave's appointment signifies Boeing's commitment to building its next chapter and driving progress.

It's worth noting that Boeing, a leading global aerospace company and a top U.S. exporter, develops, manufactures, and services commercial airplanes, defense products, and space systems for customers in over 150 countries. The company's workforce and supplier base play a pivotal role in driving innovation, economic opportunity, sustainability, and community impact.

Following these announcements, the company's shares moved 1.83%, and are now trading at a price of $215.92. If you want to know more, read the company's complete 8-K report here.

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