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UTC Vet Jay Malave Joins L3Harris as SVP, CFO

Jay Malave

Jesus “Jay” Malave, a more than 20-year United Technologies Corp. (NYSE: UTC) veteran, has joined L3Harris Technologies (NYSE: LHX) as senior vice president and chief financial officer.

He will report to William Brown, chairman and CEO of L3Harris, and be responsible for the company’s financial planning and analysis, accounting, tax and treasury functions, internal audit and investor relations, the company said Monday.

Malave’s appointment coincided with the completion of the all-stock merger between L3 Technologies and Harris to form the country’s sixth largest defense technology firm, L3Harris, and announcement of the new company’s leadership team, board of directors and organizational structure.

“I am delighted to welcome Jay to L3Harris, and am confident that his broad financial expertise, post-merger integration experience, industry knowledge and passion for talent development will serve us well as we build the new L3Harris,” Brown said.

Malave succeeds Ralph D’Ambrosio and Rahul Ghai, former L3 and Harris CFOs, and brings to the newly formed company decades of experience in corporate finance, financial planning, investor relations and post-merger integration in the defense and aerospace sector.

During his tenure at UTC, Malave held senior leadership roles including VP and CFO of the company’s aerospace systems business and Carrier business segment.

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