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Fortune

Sheryl Estrada

Why Boeing's new CFO Jay Malave is 'critical' to a turnaround

Boeing Kelly Ortberg Lockheed Martin Brian West Dave Calhoun Scott Simmons Fortune UTC

(Credit: Courtesy of Lockheed Martin)

Following a series of aircraft malfunctions, management missteps, and a strike by more than 33,000 machinists in 2024, the Boeing Company’s C-suite continues to evolve.

Brian West, Boeing’s CFO for the past four years, is stepping down and will become a senior advisor to president and CEO Kelly Ortberg, the Fortune 500 company announced on Monday. Jesus “Jay” Malave has been appointed EVP and chief financial officer, effective Aug. 15.

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