HII Announces Steve Powell as Corporate Vice President and Treasurer
HII, a prominent global defense provider, has made an important announcement about its corporate leadership. Steve Powell, who has played a key role in HII's finance team, is set to step into the position of Corporate Vice President and Treasurer. This transition will take place on January 1, 2025, as the company gears up for a new era under Powell’s direction.
Upcoming Transition and Responsibilities
Currently, Steve Powell holds the position of assistant treasurer for banking and capital markets. His rich experience and expertise position him well to take over from D.R. "Rick" Wyatt, who will retire after a remarkable career spanning over forty years with HII. In his new role, Powell will be responsible for overseeing banking relationships, managing corporate finance, and handling risk management. Additionally, he will direct strategies related to capital structure and manage short-term investments.
Recognizing Rick Wyatt's Contributions
Tom Stiehle, Executive Vice President and Chief Financial Officer of HII, shared his deep appreciation for Wyatt's many contributions. He noted that Rick is one of the original corporate officers who played a significant role in shaping HII. Stiehle emphasized that Powell's journey with HII, especially since the company’s spin-off from Northrop Grumman, has given him unique insights and a thorough understanding of corporate operations that will be crucial in his future responsibilities.
Steve Powell's Career Path
Steve Powell joined HII in 2011 and has built a strong reputation within the Treasury Department. His past roles at Lockheed Martin and Martin Marietta further bolster his qualifications. Powell holds a bachelor's degree in chemistry, complemented by studies in finance and economics from St. Lawrence University, and he earned his Master of Business Administration from Virginia Tech.
HII’s Strategic Goals
HII has a clear mission: to deliver powerful defense solutions and advanced naval ships, enhancing national security. With a remarkable history spanning over 135 years, HII is dedicated to advancing technology across various fields, including cyber, artificial intelligence, and unmanned systems. With a committed workforce of 44,000, the company eagerly anticipates the contributions Powell will make in his new position.
Contact Information for Further Inquiries
If you have questions about this leadership transition or about HII’s initiatives, please contact Danny Hernandez at (202) 264-7143 or email him at Danny.J.Hernandez@hii-co.com. The HII team is looking forward to continuing its engagement with stakeholders and partners during this transition.
Frequently Asked Questions
Who is Steve Powell?
Steve Powell is the newly appointed Corporate Vice President and Treasurer of HII, whose role takes effect on January 1, 2025.
What will Powell be responsible for in his new role?
In his new position, Powell will manage banking, corporate finance, risk management, capital structure, and various treasury operations.
Who does Steve Powell replace at HII?
Powell succeeds D.R. "Rick" Wyatt, who is retiring after over four decades with the company.
What is the mission of HII?
HII's mission focuses on providing advanced defense solutions and powerful naval vessels, aimed at enhancing national security.
How can I reach out to HII for more information?
For further inquiries, you can contact Danny Hernandez at (202) 264-7143 or by emailing Danny.J.Hernandez@hii-co.com.
