Steve Powell, assistant treasurer for banking and capital markets at HII (NYSE: HII), will assume the role of corporate vice president and treasurer at the Newport News, Virginia-based defense technology and shipbuilding company on Jan. 1, 2025.
HII said Friday Powell will succeed the retiring D.R. “Rick” Wyatt, who has been with the company for more than 40 years.
In this capacity, Powell will directly report to Tom Stiehle, executive VP and chief financial officer of HII, as he oversees corporate finance, insurance and risk management, cash management and forecasting, banking and credit, merger and acquisition valuation and financing and capital markets.
The newly appointed treasurer will also be responsible for investments and trusts, capital structure, pension trust asset management, rating agency relationships and short-term investments.
“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,” said Stiehle.
Powell has been part of HII’s treasury department since 2011.
Before HII, he spent more than a decade at Lockheed Martin (NYSE: LMT) and Martin Marietta, where he held corporate treasury and operations finance positions.
