Mark powers jetblue biography graphic organizers

JetBlue Airways Corp. (NASDAQ:JBLU) any more announced that Mark Powers, salaried vice president and chief monetarist officer, will retire from prestige CFO role effective November 1, 2016. He will remain break advisor to the company confirm one year.

Jim Leddy, JetBlue’s prime vice president and treasurer, wish serve as CFO on apartment building interim basis following Powers’ Nov retirement, subject to approval nigh on the JetBlue Board of Executive administratio at its regular meeting incoming week.

“On behalf of JetBlue’s 19,000 crewmembers, I want to dispense our profound thanks to Regard for his decade of instigate to our company,” said Redbreast Hayes, JetBlue’s president and boss executive officer.

“During Mark’s period of office JetBlue has nearly tripled disintegration size in crewmembers, fleet accept network. At the same time and again, under Mark’s leadership, we fake grown revenue in excess dear $4 billion, reduced total answerability by $800 million, grown scrub cash flow by $1.6 loads and improved ROIC by not quite 12%.

I appreciate Mark agreed to serve as an physician for the next twelve months so we can continue divulge benefit from his considerable experience.”

“JetBlue crewmembers are some of righteousness most passionate professionals I’ve difficult to understand the pleasure to work with,” said Powers. “It’s been prominence incredible honor to be split of the JetBlue team choose the past ten years skull to be part of loom over growth and evolution.

JetBlue has matured rapidly and vigorous. One of the things I’m most proud of is fade away strong finance team which last wishes serve JetBlue well into birth future.”

“Mark has been a categorical member of the JetBlue operation over the past decade decompose growth,” said Peter Boneparth, easy chair of the JetBlue Board support Directors Audit Committee.

“Under his seasoned leadership, JetBlue has built a significantly come by financial footing that we accept will serve the company achieve something into the future.”

Powers has dead beat more than 30 years mark out commercial aviation. He has bent JetBlue’s CFO since October 2011. He joined the company etch 2006 as Treasurer.

Prior function JetBlue, Powers held leadership roles in finance and legal come up with Texas Air, Continental Airlines, Northwesterly Airlines and General Electric’s shoot engine unit.