EX-99.1 4 a202506jun278kex991.htm EX-99.1

Exhibit 99.1

Boeing Announces Chief Financial Officer Transition Plan

–Brian West to become senior advisor to Boeing President and CEO

–Jesus “Jay” Malave elected incoming CFO, effective Aug. 15

ARLINGTON, Va., June 30, 2025 – Boeing [NYSE: BA] today announced a transition in its chief

financial officer role. Brian West will become a senior advisor to Boeing President and CEO Kelly

Ortberg, and Jesus “Jay” Malave has been elected as incoming executive vice president and chief

financial officer. Both roles are effective August 15.

West, who served as Boeing CFO for the last four years, will continue working with the company in

an advisory capacity, including assisting in the upcoming CFO leadership transition.

“I want to personally thank Brian for his outstanding work navigating our recovery and positioning

the company for the future,” said Ortberg. “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 and ensured our team always had the resources to continue the critical work to

strengthen safety and quality across our operations. I look forward to his continued counsel in his

new role.”

Malave will lead Boeing’s financial strategy, reporting, long-range business planning, investor

relations, treasury, controller and audit operations, as well as Enterprise Services, which includes

global real estate and facilities. He will report to Ortberg and serve on the company’s Executive

Council.

“Jay will become CFO at an important time in helping build Boeing’s next chapter as we continue

to make progress on our recovery and implement fundamental changes rooted in safety and

quality,” said Ortberg. “He is a well-respected financial and business leader, and brings decades of

experience developing people and teams across complex aerospace and manufacturing

businesses.”

Malave was most recently CFO of Lockheed Martin and before that held the positions of senior

vice president and CFO at L3Harris Technologies. He spent more than 20 years at United

Technologies Corporation, including serving as vice president and CFO of Carrier Corporation

when it was an operating unit of UTC, and vice president and CFO at UTC Aerospace Systems.

Malave earned a bachelor’s degree in mathematics from the University of Connecticut, a master’s

in accounting from the University of Hartford and a Juris Doctor from the University of Connecticut

School of Law.

A leading global aerospace company and top U.S. exporter, Boeing develops, manufactures and

services commercial airplanes, defense products and space systems for customers in more than

150 countries. Our U.S. and global workforce and supplier base drive innovation, economic

opportunity, sustainability and community impact. Boeing is committed to fostering a culture based

on our core values of safety, quality and integrity.

Contact

Boeing Media Relations

media@boeing.com