Boeing's C-suite is evolving following aircraft malfunctions, management missteps, and a strike by machinists in 2024. Brian West is stepping down as CFO to become a senior advisor. Jesus "Jay" Malave has been appointed as the new EVP and CFO, effective Aug. 15. Malave previously served at Lockheed Martin and United Technologies. The company is focused on recovery, with an emphasis on safety and quality. CEO Kelly Ortberg aims to reform Boeing's culture and enhance its competitiveness against Airbus, including plans for a next-generation aircraft.
"Jay will become CFO at an important time in helping build Boeing's next chapter," Ortberg said. The company continues to make progress on its recovery and implementing fundamental changes rooted in safety and quality.
In selecting a new CEO, Boeing's board was determined to appoint an outsider like Ortberg who could reform its culture and refocus on quality and reliability in manufacturing.
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