Boeing to Replace CFO Brian West With Former Lockheed Finance Chief

Boeing Co. said Chief Financial Officer Brian West, who helped orchestrate one of the biggest capital raises in US corporate history last year to steady the crisis-stricken planemaker, is stepping down.

West is leaving the post in mid-August and will be succeeded by former Lockheed Martin Corp. executive Jesus “Jay” Malave. West will remain an adviser to Chief Executive Officer Kelly Ortberg, Boeing said in a statement on Monday.