In August 2024, Boeing appointed Jay Malave as Executive Vice President and Chief Financial Officer after a challenging year marked by aircraft malfunctions and management upheavals, including a strike by over 33,000 machinists. The company also saw a change in leadership with Kelly Ortberg taking the role of president and CEO in the same month. Malave entered the company amidst significant cultural changes initiated by Ortberg, noting an engaged workforce and a strong management team with a proactive approach to problem-solving. Malave emphasized that he would not disrupt the Business Development and Solutions (BDS) portfolio, focusing instead on understanding the existing framework and helping identify opportunities while mitigating risks. He also outlined a financial reset, projecting a return to positive free cash flow by 2026, improving from an anticipated $2 billion cash outflow in 2025, which positively affected Boeing's stock value, leading to a nearly 10% share price increase in a single day. Notably, Malave has refrained from participating in BDS activities until the end of the year to avoid potential conflicts due to his previous role at Lockheed Martin, reflecting a cautious and strategic approach to his new responsibilities at Boeing while also ensuring the team's focus on performance and efficiency.