Jay Malave

Executive Vice President and Chief Financial Officer Boeing

Last Reviewed: October 3, 2026

Executive Summary

Jay Malave has been Boeing’s Chief Financial Officer since August 2025, responsible for its financial strategy and performance, reporting, long-range planning, investor relations, treasury, controller and audit functions. He has now been finance chief of three of the largest U.S. aerospace and defense companies: before Boeing he was chief financial officer of Lockheed Martin from 2022 to 2025 and of L3Harris Technologies from 2019 to 2022. Earlier he spent more than 20 years at United Technologies and Pratt & Whitney, including as CFO of Carrier and of UTC Aerospace Systems. He trained in mathematics, accounting and law, and sits on the board of GE Vernova.

Career Highlights

• Executive Vice President and Chief Financial Officer of Boeing since August 2025.
• Chief Financial Officer of Lockheed Martin, January 2022 to April 2025.
• Senior Vice President and CFO of L3Harris Technologies, 2019 to 2022.
• Vice President and CFO of UTC Aerospace Systems and of Carrier.
• Director of GE Vernova.

Professional Journey

Malave earned a bachelor’s degree in mathematics at the University of Connecticut, a master’s in accounting at the University of Hartford and a law degree at the University of Connecticut School of Law. He began his career as a compliance analyst at the U.S. Department of Labor, according to his Boeing biography.

He spent more than 20 years at United Technologies and Pratt & Whitney. He was UTC’s head of investor relations from 2012 to 2014, vice president and chief financial officer of UTC Aerospace Systems from 2015 to 2018, and vice president and CFO of Carrier, then a UTC unit, from 2018 to 2019.

In June 2019 he became senior vice president and chief financial officer of L3Harris Technologies, and in January 2022 chief financial officer of Lockheed Martin, where he oversaw financial reporting and investor relations and worked on its growth strategy and acquisitions. He left Lockheed Martin in April 2025.

Boeing appointed him executive vice president and chief financial officer in August 2025. He sits on Boeing’s Executive Council and signs its annual report as CFO. Boeing builds commercial airplanes and defense, space and security systems and provides aerospace services, and employs about 182,000 people, according to the company. He is also a director of GE Vernova, the power equipment company spun off from General Electric.

His remit includes the controller function. In August 2026 Boeing named Ryan Shedd, an Ernst & Young assurance partner, as its next senior vice president and controller, to succeed the retiring Michael Cleary once the 2026 annual report is filed. On the Executive Council he sits alongside Kelly Ortberg and the heads of Boeing’s three businesses.

Education

University of Connecticut

Bachelor of Science, Mathematics

University of Hartford

Master’s degree, Accounting

University of Connecticut School of Law

Juris Doctor