Subscribe Free
in People

Etihad Aviation Group appoints new chief financial officer

Posted 9 January 2018 · Add Comment

Etihad Aviation Group (EAG) has confirmed the appointment of Mark Powers as its new Group Chief Financial Officer. Powers will join EAG in January 2018.

In his new role, Powers will be responsible for the finance function across the Abu Dhabi-based group’s five divisions, which comprise UAE national airline Etihad Airways, Etihad Airways Engineering, Etihad Airport Services, Hala Group and Airline Equity Partners. 

Powers joins Etihad Aviation Group from Tulane University’s A.B. Freeman School of Business, where he was Professor of Finance. He brings with him significant industry experience, having held senior leadership roles at major airlines including JetBlue, where he most recently held the position of Chief Financial Officer.

He also worked for Northwest Airlines, where he held the position of Vice President Treasury, Corporate Finance; for Continental Airlines, where he was Treasurer and Associate General Counsel; and for GE Aviation, where he was Director Customer Finance and Commercial Engine Programs.

Tony Douglas, Group Chief Executive Officer of Etihad Aviation Group, who officially assumed his role on 3 January, said: “We are delighted that Mark will be joining the executive leadership team at Etihad Aviation Group. His corporate finance knowledge of aviation is unrivalled and he is extremely familiar with the challenges and opportunities that face our industry.

“The Etihad Aviation Group Board believes Mark and the wider finance team will play a pivotal role in helping to guide Etihad onto the next stage of its development.”

Powers commented: “I am looking forward to joining Etihad Aviation Group and taking on this unique opportunity to lead the financial development of the group’s divisions at this exciting moment in its history.”

Powers will report directly to Mr Douglas. Ricky Thirion, who has been Interim Group Chief Financial Officer, will resume his position as Group Treasurer. 

 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Is there a real case for an international airport at Ajman?

A new international airport will serve the emirate of Ajman in the UAE from 2019. Keith Mwanalushi discusses the business case for the new gateway with John Grant, senior analyst at air travel intelligence specialist, OAG.

Sheikh Ahmed Bin Saeed approves DAFZA’s ‘Digital Intelligence Plan’

H.H. Sheikh Ahmed Bin Saeed Al Maktoum, Chairman of Dubai Airport Freezone Authority (DAFZA), has approved DAFZA’s ‘Digital Intelligence Plan 2018-2020’ developed in line with digital transformation initiatives such as the ‘Dubai

Leonardo highlights electronic warfare and fighter trainer expertise at Kuwait Aviation Show

Leonardo is attending the Kuwait Aviation Show (Jan 17-20) to highlight the company’s commitment to the State of Kuwait and demonstrate some of its most relevant capabilities to customers in-country and in the wider Arabian Gulf

Falcon Aviation is present at first Kuwait Aviation Show

Falcon Aviation is participating at the inaugural Kuwait Aviation Show this week (17th to 20th January) It will showcase an Embraer Legacy 600 and Leonardo AW169 helicopter in executive layout in the static display.

Roll-Royce selects StandardAero for engine MRO services for RB211-535E4 programme

StandardAero has signed a Letter of Intent with Rolls-Royce to provide engine MRO services for the RB211-535E4 programme for the life of the engine type.

Royal Jordanian starts to implement enhanced security measures on US-bound flights

As of January 18, 2018, Royal Jordanian will start implementing the additional security measures required in October 2017 by the US authorities for US-bound flights.

Aviation Africa SK18418
See us at
Global Aerospace BT2018Istanbul Airshow BT22018MEBAA BT2018Saudi Future Airports BT150318Aviation Africa BT18418ArabianTravelMkBT250418AIME BT1204240118BIAS BT271017161118Abu Dhabi AirExpo BT2018