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    Home > Finance > Boeing appoints former Lockheed Martin CFO Jay Malave as new finance chief
    Finance

    Boeing appoints former Lockheed Martin CFO Jay Malave as new finance chief

    Published by Global Banking & Finance Review®

    Posted on June 30, 2025

    1 min read

    Last updated: January 23, 2026

    Boeing appoints former Lockheed Martin CFO Jay Malave as new finance chief - Finance news and analysis from Global Banking & Finance Review
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    Tags:Appointmentfinancial managementcorporate strategyleadershipfinancial stability

    Quick Summary

    Boeing appoints Jay Malave as CFO, succeeding Brian West, as part of a broader transformation strategy to enhance production and reputation.

    Boeing Names Former Lockheed Martin CFO Jay Malave as New Finance Chief

    (Reuters) -Boeing Co said on Monday it had appointed former Lockheed Martin executive Jesus 'Jay' Malave as the planemaker's new CFO, effective Aug. 15.

    He will succeed Brian West, who will stay on in an advisory role, Boeing said.

    West joined Boeing in 2021 and oversaw its finances through a turbulent period, marked by mounting debt and delivery delays.

    The appointment comes as the planemaker undergoes a broader transformation to restore its reputation and ramp up jet production under current CEO Kelly Ortberg.

    A Boeing investor said the move was not a surprise, as CEO Kelly Ortberg had signaled an openness to changing upper management in April.

    Malave, who has held senior finance roles at L3Harris Technologies and United Technologies, exited defense contractor Lockheed Martin in April.

    (Reporting by Nathan Gomes and Allison Lampert; Editing by Shinjini Ganguli)

    Key Takeaways

    • •Boeing appoints Jay Malave as new CFO, effective August 15.
    • •Malave succeeds Brian West, who remains in an advisory role.
    • •The change is part of Boeing's broader transformation strategy.
    • •CEO Kelly Ortberg had signaled management changes in April.
    • •Malave has experience with L3Harris and United Technologies.

    Frequently Asked Questions about Boeing appoints former Lockheed Martin CFO Jay Malave as new finance chief

    1Who has been appointed as Boeing's new CFO?

    Boeing has appointed former Lockheed Martin executive Jesus 'Jay' Malave as its new CFO, effective August 15.

    2What role will Brian West have after Jay Malave's appointment?

    Brian West will remain with Boeing in an advisory role after Jay Malave takes over as CFO.

    3What challenges did Brian West face during his tenure?

    Brian West oversaw Boeing's finances during a turbulent period marked by mounting debt and delivery delays.

    4What is Boeing's current focus under CEO Kelly Ortberg?

    Boeing is undergoing a broader transformation to restore its reputation and ramp up jet production under CEO Kelly Ortberg.

    5What previous positions did Jay Malave hold before joining Boeing?

    Before joining Boeing, Jay Malave held senior finance roles at L3Harris Technologies and United Technologies.

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