Etihad Aviation Group (EAG), has confirmed Mark Powers as its new Group Chief Financial Officer.
In his new role, Mr Powers will be responsible for the financial management across Abu Dhabi-based five division groups, which comprise UAE national airline Etihad Airways, Etihad Airways Engineering, Etihad Airport Services, Hala Group and Airline Equity Partners.
Mr Powers joined Etihad Aviation Group from Tulane University’s A.B. Freeman School of Business, where he was Professor of Finance. His significant industry experience will ensure results, 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 Programmes.
Group Chief Executive Officer, Etihad Aviation Group, Tony Douglas, who officially assumed his role on 3 January, said, “We are delighted that Mark is 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.”
Mr Powers said, “I had been 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.”