Boeing appoints new CFO Jay Malave to lead finance, strategy, and business planning

From Yahoo Finance: 2025-07-01 13:04:00

Following a series of aircraft malfunctions, management missteps, and a strike by more than 33,000 machinists in 2024, Boeing’s C-suite is evolving. Brian West steps down as CFO, Jesus “Jay” Malave appointed as EVP and CFO effective Aug. 15, to lead finance, strategy, and business planning, with over 20 years of experience in aerospace and manufacturing businesses.

Malave, the new CFO, previously held senior finance roles at Lockheed Martin and L3Harris Technologies, spending over 20 years at United Technologies. Both Malave and Ortberg, Boeing’s CEO, are strategic partners, with Ortberg emphasizing Malave’s role in building Boeing’s next chapter and implementing safety and quality changes.

Boeing’s board appointed Ortberg as CEO to reform the company’s culture and focus on quality manufacturing, with plans for a next-generation aircraft to compete with Airbus. Fitch Ratings revised Boeing’s outlook from “negative” to “stable,” reflecting improved post-strike production, financial flexibility, and reduced downgrade risks, supporting the BBB- rating.

Malave brings decades of experience in developing people and teams across aerospace and manufacturing businesses. The CEO-CFO relationship is crucial for successful execution, with trust and respect being essential. Fitch Ratings expects gross debt reduction, including repayment of all 2026 notes at maturity, supporting Boeing’s stable outlook and positive momentum.



Read more at Yahoo Finance: Why Boeing’s new CFO Jay Malave is ‘critical’ to a turnaround