HII Names Steve Powell as Corporate Vice President and Treasurer

Rhea-AI Summary

HII (NYSE: HII), a global all-domain defense provider, has announced that Steve Powell will become the company's next corporate vice president and treasurer, effective Jan. 1, 2025. Powell, currently HII's assistant treasurer for banking and capital markets, will succeed D.R. "Rick" Wyatt, who is retiring after over 40 years of service. In his new role, Powell will be responsible for various financial aspects of the company, including banking, corporate finance, cash management, insurance, and pension trust asset management.

Powell has been with HII's Treasury Department since 2011 and previously worked at Lockheed Martin and Martin Marietta. He holds a bachelor's degree in chemistry with concentrations in finance, business & economics from St. Lawrence University and an MBA from Virginia Tech. Powell will report directly to Executive Vice President and CFO Tom Stiehle.

Positive

• Appointment of experienced internal candidate Steve Powell as new corporate VP and treasurer
• Smooth transition plan with new appointment effective Jan. 1, 2025

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• None.

NEWPORT NEWS, Va., Sept. 20, 2024 (GLOBE NEWSWIRE) -- Global all-domain defense provider HII (NYSE: HII) announced today that Steve Powell, HII’s assistant treasurer for banking and capital markets, will become the company’s next corporate vice president and treasurer, effective Jan. 1, 2025. Powell will succeed D.R. “Rick” Wyatt, who will retire at the end of this year after more than four decades of service with the company.

In this role, Powell will be responsible for banking and credit, corporate finance, cash management and forecasting, insurance and risk management, M&A valuation and financing, investments and trusts, capital structure, capital markets, rating agency relationships, short-term investments, and pension trust asset management. Powell will report directly to Executive Vice President and Chief Financial Officer Tom Stiehle.

“Rick is the last HII ‘plank owner,’ one of the initial set of corporate officers that stood up the company, and we are extremely thankful for his leadership that helped build and shape the company we know as HII today,” Stiehle said. “Steve has held his current position within HII’s Treasury Department since the spin from Northrop Grumman, and is uniquely qualified with intimate, extensive experience and knowledge of HII customers, products and services, stakeholders, capital markets, personnel, processes and treasury operations.”

Powell has held his current position within HII’s Treasury Department since 2011. Prior to joining HII, he worked at Lockheed Martin and Martin Marietta for 11 years in both corporate treasury and operations finance. Powell holds a bachelor’s degree in chemistry with additional concentrations in finance, business & economics from St. Lawrence University and a Master of Business Administration from Virginia Tech.

Photos accompanying this release are available at: https://hii.com/news/hii-names-steve-powell-as-corporate-vice-president-and-treasurer/.

About HII

HII is a global, all-domain defense provider. HII’s mission is to deliver the world’s most powerful ships and all-domain solutions in service of the nation, creating the advantage for our customers to protect peace and freedom around the world. As the nation’s largest military shipbuilder, and with a more than 135-year history of advancing U.S. national security, HII delivers critical capabilities extending from ships to unmanned systems, cyber, ISR, AI/ML and synthetic training. Headquartered in Virginia, HII’s workforce is 44,000 strong. For more information, visit:

• HII on the web: https://www.HII.com/
• HII on Facebook: https://www.facebook.com/TeamHII
• HII on X: https://www.twitter.com/WeAreHII
• HII on Instagram: https://www.instagram.com/WeAreHII

Contact:

Danny Hernandez
Danny.J.Hernandez@hii-co.com
(202) 264-7143

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/54f16e95-38fa-441d-b000-43eb5afe4a5e

FAQ

Who is HII's new corporate vice president and treasurer?

Steve Powell has been named HII's new corporate vice president and treasurer, effective January 1, 2025.

When will Steve Powell assume his new role at HII (NYSE: HII)?

Steve Powell will assume his new role as corporate vice president and treasurer at HII on January 1, 2025.

Who is Steve Powell replacing as treasurer at HII?

Steve Powell is replacing D.R. "Rick" Wyatt, who is retiring after more than 40 years of service with the company.

What is Steve Powell's background before joining HII?

Before joining HII in 2011, Steve Powell worked at Lockheed Martin and Martin Marietta for 11 years in corporate treasury and operations finance.