HII Appoints Steve Powell as New Corporate Vice President
HII Welcomes Steve Powell as New Corporate Vice President
In a significant leadership transition, HII, a global all-domain defense provider, has announced the appointment of Steve Powell as its corporate vice president and treasurer, effective January 1, 2025. Powell currently serves as HII's assistant treasurer for banking and capital markets and will succeed D.R. Wyatt, who will retire at the end of the current year after more than 40 years with the company.
Roles and Responsibilities of the New Treasurer
As corporate vice president and treasurer, Powell will take on a wide array of responsibilities, including overseeing banking and credit functions, corporate finance, cash management, forecasting, and risk management. Additionally, he will handle mergers and acquisitions (M&A) valuation and financing, manage investments and trusts, and work on facilitating relationships with rating agencies and capital markets.
Integration into Executive Team
Reporting directly to Executive Vice President and Chief Financial Officer Tom Stiehle, Powell is expected to deliver impactful contributions with his wealth of knowledge and experience. Stiehle expressed gratitude towards Wyatt, lauding his foundational role as a 'plank owner'—one of the initial corporate leaders establishing HII’s growth trajectory.
A Look at Powell's Career Journey
Steve Powell's impressive track record began when he joined HII’s Treasury Department in 2011. In the previous 11 years, he honed his expertise at Lockheed Martin and Martin Marietta, gaining valuable experience in corporate treasury and operations finance. His academic background includes a bachelor’s degree in chemistry with concentrations in finance, business, and economics from St. Lawrence University, as well as an MBA from Virginia Tech.
HII's Commitment to Leadership Excellence
This leadership appointment demonstrates HII’s commitment to nurturing talent and ensuring a seamless transition in management roles. As a major player in the defense industry, HII continues to seek individuals who not only bring experience but also a deep understanding of the company's operational ethos and market landscape.
About HII
With a storied history spanning over 135 years, HII stands as the largest military shipbuilder in the United States and is a pivotal player in advancing national security. The company's mission is centered around delivering innovative all-domain solutions, including critical capabilities that encompass traditional ships, unmanned systems, cyber technologies, and artificial intelligence.
Headquartered in Virginia, HII employs approximately 44,000 individuals dedicated to ensuring the safety and well-being of nations globally. The company prides itself on its ongoing evolution to meet the diverse demands of a continuously changing defense landscape.
Frequently Asked Questions
Who is Steve Powell?
Steve Powell is the newly appointed corporate vice president and treasurer for HII, taking over from D.R. Wyatt.
What are Powell's responsibilities?
His role includes overseeing banking, corporate finance, risk management, cash forecasting, and investments.
When did Powell start working at HII?
Powell joined HII's Treasury Department in 2011, bringing years of experience from previous roles.
What is HII's primary focus?
HII focuses on delivering comprehensive defense solutions and innovations for national security.
How does HII support its workforce?
HII is committed to employee development and leadership excellence in its vast and diverse workforce.
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