SEATTLE- Boeing has announced a key leadership change with the upcoming transition of its Chief Financial Officer (CFO). Brian West will step down and become a senior advisor, while Jesus “Jay” Malave will assume the role of Executive Vice President and CFO, effective August 15.
The transition comes at a pivotal time for the aerospace manufacturer, as it continues to implement safety-driven reforms and financial recovery strategies.
Boeing New CFO
Boeing’s decision to appoint Jay Malave reflects the company’s focus on building a financially resilient future while reinforcing its commitment to safety, quality, and long-term recovery.
Malave will lead core financial operations, including business planning, reporting, investor relations, and internal controls, while overseeing Enterprise Services such as global real estate and facilities.
Malave brings deep aerospace and manufacturing finance experience, having served as CFO at Lockheed Martin and L3Harris Technologies. He also held senior finance roles during a two-decade tenure at United Technologies Corporation, including as CFO of Carrier Corporation and UTC Aerospace Systems.
He will report directly to Boeing President and CEO Kelly Ortberg and serve on the company’s Executive Council.
Brian West to Stay On as Senior Advisor
Brian West, Boeing’s CFO since 2021, will transition to a senior advisory role. His leadership was critical in managing Boeing’s financial recovery during one of the most turbulent periods in its history.
This included guiding a major capital raise and securing funding to bolster the company’s operational goals, particularly around safety and quality initiatives.
Ortberg praised West’s performance and noted that his continued presence as an advisor would help ensure a smooth leadership transition.
Who is Jesus Jay Malave?
Jay Malave holds a bachelor’s degree in mathematics and a Juris Doctor from the University of Connecticut, along with a master’s degree in accounting from the University of Hartford.
His extensive academic and professional background equips him with the tools to navigate Boeing’s complex financial landscape amid evolving market conditions and stakeholder expectations.
As a leading aerospace and defense company, Boeing serves more than 150 countries with products and services in commercial aviation, defense, and space systems.
With a strong global workforce and supplier network, Boeing remains committed to values centered on safety, quality, and integrity while fostering innovation and economic growth.
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