Boeing Co.’s new chief financial officer, Jesus “Jay” Malave, won’t be allowed to join in discussions initially that involve the company’s second-largest business, one of several unusual clauses in his hiring agreement addressing potential conflicts of interest with a former employer.
Malave, who’s joining Boeing next month, held the same role at Lockheed Martin Corp. before stepping down abruptly in April, days before a quarterly earnings call. In a filingon Thursday, Boeing said it is paying its defense rival $2 million “in connection with a release of claims relating to Mr. Malave’s employment with the company.”
Jay Malave
Source: PR Newswire
