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Wed 17 Apr 2019 10:02 AM

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Etihad Aviation Group's chief financial officer resigns

Etihad Airways said its CFO Mark Powers decided to return to the US for personal reasons

Etihad Aviation Group's chief financial officer resigns
Etihad Aviation Group’s former chief financial officer, Mark Powers

Etihad Aviation Group’s chief financial officer, Mark Powers, has resigned from the company “for personal reasons”, the company announced on Wednesday.

In a statement sent to Arabian Business, Etihad Airways said that Powers decided “to return to the United States for personal reasons.”

Adam Boukadida, the company’s senior vice president for treasury, tax and finance, assumed the role of interim group CFO while Etihad searches for Powers’ replacement.

“Etihad Aviation Group thanks Mark for his valuable contribution during his tenure and wishes him well for his next chapter,” the statement said.

Powers, a former CFO at JetBlue, was hired by Etihad at a time of internal reforms which saw the departure of then group CFO James Hogan and CFO James Rigney.

Etihad appoints former JetBlue exec as finance chief

Powers replaces Ricky Thirion, who has been interim group CFO since the departure of James Rigney

The Etihad Airways statement did not say when Powers left the company.

Etihad reported losses of $1.28 billion in 2018, down from $1.52 billion the year before.

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