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.
