Boeing Announces More Top Leadership Changes

Steve Parker and Jay Malave will be moving to new executive positions at the aerospace giant in August.

Meg Godlewski

Wednesday, July 02, 2025 at 11:00 AM ET

Verified

Edited By:

Travis Tingle

Boeing 777X test aircraft [Courtesy: AirlineGeeks/William Derrickson]

Key Takeaways:

Steve Parker has been appointed President and CEO of Boeing's Defense, Space, and Security (BDS) unit, effective immediately, after stabilizing operations as interim leader.
Jay Malave has been elected as the new Executive Vice President and Chief Financial Officer, joining from Lockheed Martin and starting on August 15.
Current CFO Brian West will transition to a senior advisor role, also effective August 15, to assist with the CFO leadership transition.

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Boeing on Tuesday named Steve Parker as president and CEO of its defense, space, and security (BDS) business, effective immediately. Parker, who has been with the aerospace giant for 37 years, has served as interim leader of the Boeing business unit since September 2024.

According to the Seattle Times, Parker took over as interim CEO after former defense chief Ted Colbert was removed after the company’s poor financial performance.