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.

Boeing Co said on Monday it had appointed former Lockheed Martin executive Jesus 'Jay' Malave as the planemaker's new CFO, effective Aug. 15.

Jesus “Jay” Malave will join the jet maker next month as Boeing faces fresh scrutiny after at least 270 people died in a June crash of an Air India flight that occurred just after takeoff.