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Malave’s Employment With Boeing Comes With Temporary Restrictions

Cal Biesecker By
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Malave’s Employment With Boeing Comes With Temporary Restrictions
Jesus "Jay" Malave. Boeing's incoming chief financial officer.(Lockheed Martin Photo)

Incoming Boeing [BA] Chief Financial Officer Jay Malave will be working under several temporary restrictions related to the company’s defense business and work done by his former employer Lockheed Martin [LMT], Boeing said in a government filing. In addition, Boeing said it will pay Lockheed Martin $2 million to release claims Malave's prior employer has related to his upcoming employment with Boeing. The July 3 filing with the Securities and Exchange Commission (SEC) lays out conditions imposed by Boeing and…

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