New CFO for Etihad Group

Cape Town – Etihad Aviation Group (EAG) has appointed Mark Powers as its new group chief financial officer.

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 programmes).

Tony Douglas, group CEO of Etihad Aviation Group, who officially assumed his role on 3 January, said Powers is extremely familiar with the challenges and opportunities that face the aviation 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,” said Douglas.

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