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Business/Financial

Malave Joins Lockheed Martin As CFO

By Cal Biesecker

Tuesday, February 1st, 2022

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Malave Joins Lockheed Martin As CFO

Lockheed Martin Chief Financial Officer Jesus "Jay" Malave. Photo: Lockheed Martin

Lockheed Martin [LMT] on Tuesday named Jesus “Jay” Malave as its new chief financial officer (CFO), ending a six-month search after former finance chief Ken Possenriede abruptly retired. Malave, 53, joins Lockheed Martin from L3Harris Technologies [LHX], where he had been CFO since June 2019 and helped the company navigate the integration of Harris Corp. and L3Technologies. Malave’s departure from L3Harris also came as a surprise, although the company said the move was “amicable” and based on his desire to…

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