Boeing Co. said Chief Financial Officer Brian West, who helped orchestrate one of the biggest capital raises in US corporate history last year to steady the crisis-stricken planemaker, is stepping down.

Brian West will step down as Boeing CFO from mid-August and will be replaced by former Lockheed Martin Corp. executive Jesus “Jay” Malave, Boeing said in a statement.

Boeing said Brian West, its chief financial officer, would depart the role later this summer and be succeeded by the former financial chief of Lockheed Martin.