Boeing Announces CFO Transition, Shares Volatile After Hours

Benzinga

Boeing shares saw a slight uptick in after-hours trading Monday after the company announced a CFO transition, Benzinga reported. Jesus “Jay” Malave, former CFO of Lockheed Martin and L3Harris, has been named Boeing’s new executive vice president and CFO. He replaces Brian West, who will become a senior advisor to CEO Kelly Ortberg. Ortberg praised West for his leadership during Boeing’s capital raise and efforts to boost safety and quality. Malave will now oversee financial strategy, long-range planning, and investor relations. The announcement followed a 2.32% drop during Monday’s session after U.K. regulators opened a probe into Boeing’s $4.7 billion deal to acquire Spirit AeroSystems. Spirit has been under scrutiny for its role in the 737 Max quality issues.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Boeing shares saw a slight uptick in after-hours trading money after the company announced

00:06the CFO transition. Benzinga reported Jesus J. Malave, former CFO of Lockheed Martin and L3

00:12Harris, has been named Boeing's new executive vice president and CFO. He replaces Brian West,

00:17who will become a senior advisor to CEO Kelly Ortberg. Ortberg praised West for his leadership

00:22during Boeing's capital raise in an efforts to boost safety and quality. Boeing will now

00:26oversee financial strategy, long-range planning, and investor relations. The announcement filed

00:31a 2.32% drop during Monday's session after UK regulators opened a probe into Boeing's $4.7

00:37billion deal to acquire Spare Aerosystems. Spare has been under scrutiny for its role in the 737

00:42max quality issue. For all things money, visit Benzinga.com.

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