Boeing Appoints Jesus Malave CFO Amid Turnaround Efforts

Boeing announced that Jesus “Jay” Malave, former CFO of Lockheed Martin and L3Harris, will replace Brian West as the company's CFO, effective August 15, 2025, as part of Boeing's ongoing turnaround efforts. Brian West, who has served as CFO for four years and led Boeing through significant financial challenges including a $21 billion capital raise and improved safety measures, will transition to a senior advisor role to CEO Kelly Ortberg. The leadership change aims to bolster Boeing’s financial strategy, business planning, and investor relations amid intensified scrutiny following recent safety incidents, including a fatal 787 Dreamliner crash. CEO Ortberg described Malave’s appointment as critical for building Boeing's next chapter focused on recovery, safety, and quality improvements. Investor confidence has shown mixed reactions, with Boeing shares fluctuating after the announcement and ongoing concerns related to the company’s $4.7 billion acquisition of Spirit AeroSystems. Fitch Ratings upgraded Boeing's credit outlook to stable, citing production and financial improvements, signaling progress in Boeing's recovery trajectory.