Boeing Co said on Thursday that incoming CFO Jesus "Jay" Malave would receive $1.05 million as an annual base salary and he would be eligible for annual and long-term incentive awards with target values of $1.

Jesus “Jay” Malave has been elected to succeed Brian West as the executive vice president and CFO for Boeing, the company announced.

Malave will lead Boeing’s finance organization, as well as strategy, business planning, and global real estate, and will serve on the company’s executive council. He was most