HII Appoints Steve Powell as New Vice President and Treasurer
HII Welcomes Steve Powell as Corporate Vice President and Treasurer
HII, a leading global defense provider, has made a significant announcement regarding its corporate leadership. Steve Powell, who has been an integral part of HII's finance team, will step into the role of Corporate Vice President and Treasurer. This change will take effect on January 1, 2025, as the company prepares for a new chapter under Powell’s guidance.
Transition and Future Responsibilities
Steve Powell currently serves as the assistant treasurer for banking and capital markets. His extensive background and expertise make him the ideal candidate to succeed D.R. "Rick" Wyatt, who is set to retire after more than forty years with HII. Powell’s new role will encompass a wide range of responsibilities, including overseeing banking relationships, corporate finance, and risk management. This leadership position also involves directing capital structure strategies and managing short-term investments.
Leadership Praise for Rick Wyatt
Tom Stiehle, Executive Vice President and Chief Financial Officer of HII, expressed immense gratitude for Wyatt's contributions, noting that Rick is among the original corporate officers who helped shape HII. Stiehle highlighted that Powell's journey within HII, particularly his time since the company’s spin-off from Northrop Grumman, equips him with unique insights and a deep understanding of corporate operations that will play a vital role in his upcoming responsibilities.
Steve Powell's Professional Journey
Joining HII in 2011, Powell has built a commendable reputation within the Treasury Department. His previous experiences at Lockheed Martin and Martin Marietta further enhance his qualifications. Powell’s educational background includes a bachelor’s degree in chemistry, with additional studies in finance and economics from St. Lawrence University, as well as a Master of Business Administration from Virginia Tech.
HII’s Strategic Direction
HII's mission is clear: to provide the nation with robust defense solutions and powerful naval ships, strengthening the country’s security capabilities. With a storied history exceeding 135 years, HII remains committed to advancing technologies across domains, including cyber, artificial intelligence, and unmanned systems. The company, with a dedicated workforce of 44,000, looks forward to the contributions Powell will bring in his new role.
Contact Information for Further Inquiries
For inquiries regarding this leadership transition or HII’s various initiatives, interested parties can reach out to Danny Hernandez at (202) 264-7143 or via email at Danny.J.Hernandez@hii-co.com. The HII team is eager to continue engaging with stakeholders and partners as they transition to this new corporate structure.
Frequently Asked Questions
Who is Steve Powell?
Steve Powell is the newly appointed Corporate Vice President and Treasurer of HII, effective January 1, 2025.
What responsibilities will Powell have in his new role?
Powell will oversee banking, corporate finance, risk management, capital structure, and other treasury operations.
Who did Steve Powell succeed at HII?
Powell succeeds D.R. "Rick" Wyatt, who is retiring after over 40 years with the company.
What is HII's mission?
HII's mission is to deliver advanced defense solutions and powerful ships, thereby enhancing national security.
How can I contact HII for further questions?
For inquiries, you can contact Danny Hernandez at (202) 264-7143 or email Danny.J.Hernandez@hii-co.com.
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