Boeing Co said on Monday it had appointed former Lockheed Martin executive Jesus 'Jay' Malave as the planemaker's new CFO, effective Aug. 15.

He replaces Brian West, who has served as Boeing's CFO since 2021. West will remain with the company in an advisory capacity to support the leadership transition. Boeing shares we

Boeing Co.’s new chief financial officer, Jesus “Jay” Malave, won’t be allowed to join in discussions initially that involve the company’s second-largest business, one of several unusual clauses in his hiring agreement addressing potential conflicts of interest with a former employer.