Jesus “Jay” Malave is an accomplished aerospace and defense executive, recently appointed as Boeing’s new Chief Financial Officer (CFO), effective August 15, 2025. He is succeeding Brian West, who is transitioning to a senior advisor role. Malave’s appointment comes at a crucial time for Boeing, as the company works to stabilize operations and regain trust after facing significant challenges in recent years. As Boeing’s CFO, Malave will be responsible for overseeing the company’s financial strategy, reporting, long-range business planning, investor relations, treasury, controller and audit operations, as well as global real estate and facilities through its Enterprise Services division.
Born in Hartford, Connecticut, to Puerto Rican immigrants, Malave grew up in Newington. He developed a strong appreciation for diversity and hard work from a young age. His career began in 1991 as a compliance analyst at the U.S. Department of Labor, where he investigated Equal Employment Opportunity cases. His educational background includes a Bachelor of Science in Mathematics from the University of Connecticut, a Master of Science in Accounting from the University of Hartford, and a Juris Doctor (JD) from the University of Connecticut School of Law.
Before joining Boeing, Malave had an extensive career in leadership roles within major aerospace and defense companies. He served as CFO at Lockheed Martin from 2022 to 2025, overseeing all financial operations, including reporting, investor relations, and mergers and acquisitions. Prior to that, he was the Senior Vice President and CFO at L3Harris Technologies from 2019 to 2022. Additionally, Malave held senior finance roles at Carrier Corporation, UTC Aerospace Systems, and Pratt & Whitney, where he gained significant experience in global finance functions and managing aerospace-related financial operations.
Early Life and Background
Born to Puerto Rican immigrants in Hartford, Connecticut, Malave grew up in Newington, a small town with a blend of blue-collar and white-collar families. His father served as a U.S. Postal Service supervisor, and his mother worked as a nutritionist at a local hospital. From an early age, Malave developed a strong appreciation for diversity and hard work, values that have guided his personal and professional life.
Education
Malave’s academic journey began at the University of Connecticut, where he started his studies in engineering but eventually transitioned to mathematics. He graduated with a Bachelor’s degree in the field in 1991. Pursuing further education, he earned a Master’s in Accounting from the University of Hartford, and later on, a Juris Doctor degree from the University of Connecticut School of Law.
Professional Career
Early Career
Malave’s professional journey began at the U.S. Department of Labor, where he investigated Equal Employment Opportunity cases. His work there caught the attention of United Technologies Corporation (UTC), which recruited him for a promising human resources position. The company offered him a clear trajectory into accounting and finance. His entry-level position at Pratt & Whitney involved managing expenses and cash flow, providing a solid foundation that led him to rise through the ranks to become the CFO of UTC Aerospace Systems.
United Technologies Corporation (UTC)
Over a span of two decades, Malave held various senior finance roles at UTC and its subsidiaries. Notably, he served as the CFO of Carrier Corporation and UTC Aerospace Systems. His leadership in these positions was instrumental in driving financial strategies and operational efficiencies within the company.
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L3Harris Technologies
In July 2019, Malave joined L3Harris Technologies as Senior Vice President and CFO. During his tenure, he played a key role in the company’s financial planning, reporting, and strategic growth initiatives. His leadership contributed to L3Harris’s strong financial performance and market position.
Lockheed Martin
Malave’s most recent role was as the CFO of Lockheed Martin, a position he held from February 2022 until April 2025. In this capacity, he oversaw all internal and external financial reporting and investor relations. He played a key role in the development of Lockheed’s strategic growth plan and the evaluation, execution, and integration of mergers and acquisitions.
Boeing Appointment
On June 30, 2025, Boeing announced the appointment of Jesus “Jay” Malave as its new Chief Financial Officer, effective August 15, 2025. He will succeed Brian West, who will remain with the company in an advisory role. Malave’s appointment comes as Boeing is undergoing a broader transformation to restore its reputation and ramp up jet production under current CEO Kelly Ortberg. 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.
Personal Life
After graduating, Malave met his future wife, Janine, that summer as she was pursuing a career in education. Janine would later become a teacher and department head at Maloney High School in Meriden. The couple married in 1994 in Windsor, where Janine grew up.
Conclusion
Jesus “Jay” Malave’s extensive experience in aerospace finance and leadership positions him to play a pivotal role in Boeing’s ongoing recovery and future growth. His appointment as CFO reflects the company’s commitment to rebuilding and strengthening its financial foundation. With a proven track record in the aerospace and defense sectors, Malave is poised to lead Boeing through its next chapter.
FAQs
Who is Jesus “Jay” Malave?
Jesus “Jay” Malave is the newly appointed Chief Financial Officer of Boeing, effective August 15, 2025.
What is Malave’s educational background?
He holds 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 degree from the University of Connecticut School of Law.
What companies has Malave worked for?
Malave has held senior finance roles at United Technologies Corporation, L3Harris Technologies, Lockheed Martin, and now Boeing.
What is Malave’s role at Boeing?
As CFO, Malave will lead Boeing’s financial strategy, reporting, long-range business planning, investor relations, treasury, controller and audit operations, as well as Enterprise Services.
Who did Malave succeed at Boeing?
He succeeded Brian West, who will remain with the company in an advisory role.
What is Malave’s nationality?
Malave is American, born in Hartford, Connecticut.
What is Malave’s ethnic background?
He is of Puerto Rican descent, born to Puerto Rican immigrants.
