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

Boeing ( NYSE: BA) named Jay Malave as its next chief financial officer, succeeding Brian West, who will step down from the role after four years. The leadership change is set to take effect August 15, the aviation company announced Monday.