The Lockheed Martin Corporation announced on Thursday that its Chief Financial Officer (CFO) Jesus Malave decided to leave the company.

The defense and aerospace manufacturer appointed Evan Scott as its new CFO and vice president. The appointment is effective immediately, the company said.

"Over his 26 years at Lockheed Martin, Evan has earned the utmost respect as an experienced finance and operations leader, with deep understanding of our business and mission. I am confident he is the right choice to drive our continued growth and lead our finance organization with excellence," Lockheed Martin Chairman, President and CEO James Taiclet said in a statement. Additionally, the company stated that it will release its first-quarter financial results on April 22, as initially planned.