Boeing has announced a transition in its chief financial
officer role effective August 15, 2025.
Jesus ¡°Jay¡± Malave has been elected as incoming executive
vice president and chief financial officer while Brian West will serve as a
senior advisor to Boeing President and CEO
Kelly Ortberg.
West, the Boeing CFO for the last four years, will continue working
with the company in an advisory capacity, including assisting in the
upcoming leadership transition.
Boeing CEO Kelly Ortberg said in a statement, "I want
to personally thank Brian for his outstanding work navigating our recovery and
positioning the company for the future. These past few years have been some of
the most consequential in Boeing's history, and Brian successfully guided us
through last year's historic capital raise and ensured our team always had the
resources to continue the critical work to strengthen safety and quality across
our operations. I look forward to his continued counsel in his new role."
As the new CFO, Malave will lead Boeing's financial
strategy, reporting, long-range business planning, investor relations,
treasury, controller and audit operations, as well as Enterprise Services,
which includes global real estate and facilities. He will report to Ortberg and
serve on the company's Executive Council.
"Jay will become CFO at an important time in helping
build Boeing's next chapter as we continue to make progress on our recovery and
implement fundamental changes rooted in safety and quality," said Ortberg.
"He is a well-respected financial and business leader and brings decades
of experience developing people and teams across complex aerospace and
manufacturing businesses."
Malave served as CFO of Lockheed Martin and prior to that
position he served as senior vice president and CFO at L3Harris Technologies.
He spent more than 20 years at United Technologies Corporation, including
serving as vice president and CFO of Carrier Corporation when it was an
operating unit of UTC, and vice president and CFO at UTC Aerospace Systems.
He holds a bachelor's degree in mathematics from the
University of Connecticut; a master's in accounting from the University of
Hartford and a Juris Doctor from the University of Connecticut School of Law.
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