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Boeing replaces his Chief Financial Officer by a former Lockheed Martin Finance chief when the fighting US aircraft manufacturer continues his turning effort.
The aerospace giant said on Monday that Jesus “Jay” Malave would replace Brian West, who has been serving as a CFO for four years. West will remain as a consultant for BoeingKelly Ortberg, Chief Executive,. The handover will be effective in mid -August.
Since then, the move has marked the best known change in the Boeing leadership team since then Ortberg Last August, the helm took over in August to revise the company for a number of security and manufacturing crises that started with the Lion Air 737 Max -Crash in 2018.
West, which was appointed CFO by Ortberg’s predecessor Dave Calhoun, supervised Boeing’s finances through his latest turbulence. He also helped to orch his shares of USD 24 billion last year to support his balance sheet.
“Jay will at an important point in building Boeing’s next chapter CFO, while we continue to make progress in our recovery and implement fundamental changes that are rooted in safety and quality,” said Ortberg.
The managing director said the Financial Times at the beginning of June that the restoration of Boeing’s status as a US manufacturer was a “multi -year procedure”.
However, the company’s examination has intensified since then The crash of a Boeing 787-8 Dreamliner In India, all of the 242 people were killed on board and at least 29 on site at the beginning of this month. The cause of the Air India crash is not yet known.
Ortberg, who previously held leadership roles at United Technologies and Raytheon, has made progress in the stabilization of Boeing’s production and improved its quality control processes after a door paneling on a Boeing aircraft was inflated in the middle of the air in January 2024.
Malave recently served as CFO at Lockheed Martin, a post that he held for a little more than three years.
The shares on Boeing were flat in the trade with after-hour trade.
