Boeing [NYSE: BA] has announced a change in its chief financial officer role, with Brian West transitioning to a senior advisory position to Boeing President and CEO Kelly Ortberg, effective August 15. In his four-year tenure as CFO, West successfully guided the company through a historic capital raise and ensured resources were available to strengthen safety and quality across operations. Jesus “Jay” Malave has been elected as the incoming executive vice president and chief financial officer, effective the same date.
Malave will 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. He will report to Ortberg and serve on the company’s Executive Council. Malave brings decades of experience in aerospace and manufacturing businesses, having held the CFO position at Lockheed Martin, senior vice president and CFO at L3Harris Technologies, and various leadership roles at United Technologies Corporation.
Boeing, a leading global aerospace company and top U.S. exporter, operates in more than 150 countries, developing, manufacturing, and servicing commercial airplanes, defense products, and space systems. The company is committed to fostering a culture based on its core values of safety, quality, and integrity. As a result of these announcements, the company's shares have moved 0.24% on the market, and are now trading at a price of $216.43. If you want to know more, read the company's complete 8-K report here.
