Etihad Aviation Group, which runs the national airline of the United Arab Emirates, has a new Group CFO in Mark Powers, a finance professor at Tulane University’s A.B. Freeman Business School. He was formerly CFO of JetBlue, and held senior positions in Northwest Airlines, Continental Airlines and GE Aviation.
The appointment came as the Etihad Group welcomed a new Group CEO, Tony Douglas, who assumed office on January 3. “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,” Douglas said in a statement. “His corporate finance knowledge of aviation is unrivalled and he is extremely familiar with the challenges and opportunities that face our industry.”
Powers will be responsible for the finance function across the Abu Dhabi-based group’s five divisions: Etihad Airways, Etihad Airways Engineering, Etihad Airport Services, Hala Group and Airline Equity Partners. He replaces interim CFO Ricky Thirion, who will resume his position as Group Treasurer.