Boeing appoints Jay Malave as CFO effective Aug. 15; Brian West becomes senior advisor

BOEING CO

Jesus "Jay" Malave, former Lockheed Martin CFO, elected Boeing EVP and CFO effective Aug. 15, 2025.
Brian West transitions to senior advisor to CEO Kelly Ortberg after four years as CFO.
Malave gets $1.05M base salary, 120% target bonus, and $6.5M long-term incentive starting 2026.
To offset forfeited Lockheed equity, Malave receives $1.5M cash, $5M RSUs, $4.5M options; plus $7M cash for vested shares subject to two-year clawback.
Due to Lockheed ties, Malave barred from Boeing Defense until end 2025; Boeing pays Lockheed $2M for release of claims.

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