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

Oman Air makes premium comfort amenities in time for Eid Al Adha

Oman Air makes premium comfort amenities available for all on selected flights in time for Eid Al Adha.

Bryan Thompson appointed CEO of Abu Dhabi Airports

Bryan Thompson has been appointed Chief Executive Officer (CEO) of Abu Dhabi Airports.

Etihad Airways and Al Nassr FC announce partnership

Etihad Airways has signed an agreement to be the official shirt and main sponsor and partner of the Riyadh-based, Saudi Stars League team, Al Nassr FC.

Cobalt Air signs multi-year agreement with Travelport

Travelport has signed a new multi-year content agreement with Cobalt Air, which includes the use of the company’s leading merchandising tool, Travelport Rich Content and Branding.

Turkish Airlines sees operating net profit in first half of 2018

Turkish Airlines posted a USD 258 million Operating Net Profit in the first half of 2018.

Mighty task for Hercules in Middle East

Nearly 200 C-130 Hercules aircraft have been operated by Middle East air forces since the first was delivered to Iran in 1962. Alan Warnes reports.

TAA SK0902311218
See us at
ASDubai BT1004091018GATM BT1004061118MEBAA BT1004121218Istanbul Airshow BT22018MAPS18_BT1207131118AIME19BTA3005120219MarrakechAirshow BT2507241018Cargo BT1004091018Aviation Africa BT0607280219BIAS BT271017161118