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:

Boeing has appointed Steve Parker as the new President and CEO of its Defense, Space & Security (BDS) business, making his interim leadership permanent.
The company also announced significant changes in its financial leadership, with Jay Malave named the incoming Executive Vice President and Chief Financial Officer, succeeding Brian West who transitions to a senior advisory role.

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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.