Boeing has announced the appointment of Jesus “Jay” Malave as its new Executive Vice President and Chief Financial Officer, effective August 15. Malave will take over from Brian West, who will transition to the role of senior advisor to Boeing President and CEO Kelly Ortberg. With an extensive background in aerospace and manufacturing finance, Malave's arrival marks a key step in Boeing's continued transformation, bringing fresh leadership to its financial strategy at a pivotal time for the company.
West, a pivotal figure in Boeing's financial strategy during a challenging recovery period, will remain involved in an advisory capacity. His support will be instrumental during the transition, ensuring continuity as Malave takes over. Ortberg praised West's contributions, particularly his role in a landmark capital raise and his efforts to maintain operational focus on safety and quality.
Jay Malave will assume a broad range of responsibilities, overseeing financial strategy, reporting, long-term business planning, investor relations, treasury, auditing and Enterprise Services, which manages Boeing's global real estate and facilities. He will report directly to Ortberg and join the Executive Council.
Ortberg expressed confidence in Malave's leadership, highlighting his reputation as a seasoned financial executive and his depth of experience across complex aerospace and manufacturing industries. Malave joins Boeing from Lockheed Martin, where he served as CFO. His career also includes senior financial roles at L3Harris Technologies and a long tenure at United Technologies Corporation, where he was CFO for both Carrier Corporation and UTC Aerospace Systems.
Malave holds a mathematics degree and a master's in accounting, both from the University of Connecticut, as well as a Juris Doctor from the University of Connecticut School of Law. His appointment marks a significant moment as Boeing continues to navigate its recovery and reinforce its commitment to safety and operational excellence.
