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 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

Jay will become CFO at an important time in helping build Boeing’s next chapter as we continue to make progress on our recovery and implement fundamental changes rooted in safety and quality,” Ortberg said.