HII Welcomes Steve Powell as New Corporate Vice President
HII, a global all-domain defense provider, has announced a key leadership change: Steve Powell will step into the role of corporate vice president and treasurer starting January 1, 2025. Powell, who has been serving as HII's assistant treasurer for banking and capital markets, will take over from D.R. Wyatt, who is set to retire at the end of this year after an impressive tenure spanning more than 40 years with the company.
Key Responsibilities of the New Treasurer
In his new position as corporate vice president and treasurer, Powell will oversee various crucial functions. These include managing banking and credit operations, corporate finance tasks, cash management, forecasting, and risk assessment. He will also be responsible for aspects of mergers and acquisitions (M&A), including valuation and financing; managing investments and trusts; and fostering relationships with rating agencies and the capital markets.
Joining the Executive Team
Reporting directly to Executive Vice President and Chief Financial Officer Tom Stiehle, Powell is anticipated to make significant contributions given his extensive knowledge and background. Stiehle acknowledged Wyatt’s impact on the organization, referring to him as a "plank owner"—a term used for early leaders who helped set HII's path to success.
Steve Powell's Career Path
Steve Powell's notable career kicked off when he joined HII’s Treasury Department back in 2011. Over the past 11 years, he has gained valuable experience in corporate treasury and operational finance through his previous roles at Lockheed Martin and Martin Marietta. Academically, he holds a bachelor's degree in chemistry with concentrations in finance, business, and economics from St. Lawrence University, and he earned his MBA from Virginia Tech.
HII's Commitment to Strong Leadership
This new leadership appointment underscores HII’s dedication to developing talent and ensuring a smooth management transition. As a key entity in the defense industry, HII is focused on finding individuals who not only have relevant experience but also possess a solid grasp of the company's core values and the landscape of the market.
About HII
HII has a rich history that spans over 135 years, making it the largest military shipbuilder in the U.S. and a critical player in bolstering national security. The company's mission revolves around providing innovative all-domain solutions, which include essential capabilities in traditional ships, unmanned systems, cyber technologies, and artificial intelligence.
Located in Virginia, HII employs around 44,000 individuals who are committed to ensuring the safety and well-being of nations around the world. The company takes pride in its continuous evolution to meet the changing demands of the defense landscape.
Frequently Asked Questions
Who is Steve Powell?
Steve Powell is the newly appointed corporate vice president and treasurer for HII, succeeding D.R. Wyatt.
What are Powell's responsibilities?
His responsibilities include overseeing banking, corporate finance, risk management, cash forecasting, and managing investments.
When did Powell start working at HII?
Powell became part of HII's Treasury Department in 2011, bringing with him years of experience from earlier positions.
What is HII's primary focus?
HII is focused on delivering comprehensive defense solutions and innovations aimed at enhancing national security.
How does HII support its workforce?
HII is committed to the development of its employees and emphasizes excellence in leadership within its broad and diverse workforce.
