Boeing, a leading US-based aerospace and defense company headquartered in Arlington, Virginia, has announced that its Chief Financial Officer (CFO) Brian West will step down from his position in mid-August 2025. West, credited with steering Boeing through one of the largest capital raises in US corporate history, will be succeeded by former Lockheed Martin Corp. executive Jesus “Jay” Malave.
Boeing Co., a leading aerospace and defense manufacturer based in the United States, announced that its Chief Financial Officer, Brian West, will step down in mid-August 2025. The leadership change comes as the company enters a new phase of operational and financial stability.
West, who joined Boeing as CFO four years ago, played a central role in steering the company through one of the most challenging financial periods in its history. He will continue with Boeing in an advisory role, assisting both the incoming CFO and CEO Kelly Ortberg with a smooth transition.
Replacing him is Jesus “Jay” Malave, a seasoned finance executive and former CFO at Lockheed Martin Corporation, a major US-based defense and aerospace firm. Malave will take charge of Boeing’s financial strategy, long-term planning, investor relations, treasury, internal audits, and enterprise services, including global real estate and facilities management.
West is widely credited with orchestrating a $24 billion equity raise in 2024—one of the largest in US corporate history—and overseeing this year’s $10.6 billion divestiture of Boeing’s digital assets, including the Jeppesen unit. These efforts were crucial in improving liquidity during a time of labor strikes and production disruptions.
“These past few years have been some of the most consequential in Boeing’s history, and Brian successfully guided us through last year’s historic capital raise,” said CEO Kelly Ortberg. “He ensured our team always had the resources needed to strengthen safety and quality across operations.”
In a statement to Bloomberg, West remarked, “I just felt like it was the right timing to pass the baton. The balance sheet is much stronger, operating performance is better, and the outlook is very encouraging.”
Following the announcement, Boeing’s stock rose 0.3% in after-hours trading, partially recovering from an earlier 2.3% dip. The stock has gained 18% so far in 2025.
This CFO transition is the most high-profile personnel shift since Ortberg assumed the top role at Boeing last year. The company continues to focus on operational recovery, safety upgrades, and long-term strategic growth in the aerospace industry.