Former Lockheed CFO joins Boeing in executive leadership reshuffle
Boeing has appointed Jesus ‘Jay’ Malave, a former chief finance officer (CFO) of Lockheed Martin, as its new CFO in a mini leadership reshuffle.
From August 15, 2025, Boeing’s current CFO, Brian West, will become a senior advisor to the company president and CEO Kelly Ortberg, a year after he himself joined the firm.
West, who served as Boeing CFO for the last four years, will continue working with the company in an advisory capacity, including assistance with the upcoming CFO leadership transition.
“I want to personally thank Brian for his outstanding work navigating our recovery and positioning the company for the future,” said Ortberg. “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 well as becoming the new CFO as of August 15, 2025, new recruit Malave has also been appointed as an executive vice president.
According to a Boeing spokesperson on June 30, 2025, 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”.
“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.”
Before his time at Lockheed Martin, Malave had previously been 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.
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Boeing has appointed Jesus ‘Jay’ Malave, a former chief finance officer (CFO) of Lockheed Martin, as its new CFO…
The post Former Lockheed CFO joins Boeing in executive leadership reshuffle appeared first on AeroTime.
