FTAI Aviation Ltd. (NASDAQ: FTAI) has announced changes to its executive team with the appointment of Nicholas McAleese as the Chief Financial Officer and Michael Hazan as the Chief Accounting Officer, effective immediately. McAleese, previously the Senior Vice President of FP&A, and Hazan, the Senior Vice President, Controller, succeed Eun (Angela) Nam in their respective positions. Nam is departing FTAI to pursue an opportunity at a public company outside the aviation industry.
McAleese, who joined the company in 2022, has been instrumental in building core corporate finance functions and financial planning and analysis. Hazan, with a tenure since 2017, has played a leadership role in accounting, financial reporting, and operational efforts within the company.
The company's Chairman and CEO, Joe Adams, expressed confidence in McAleese and Hazan's abilities to lead the finance and accounting team and support FTAI's continued growth. Adams also expressed gratitude to Nam for her contributions over the last twelve years and wished her the best in her future endeavors. Nam, in turn, thanked the FTAI team for their support and committed to ensuring a seamless transition.
Nicholas McAleese holds a B.A. in Economics from Trinity College Dublin and is both a Chartered Financial Analyst and a Certified Public Accountant. Michael Hazan, on the other hand, holds a M.S. in Accounting and a B.S. in Business Management, Accounting from Babson College and is also a Certified Public Accountant.
FTAI Aviation Ltd. combines advanced turbine technology and asset ownership to power essential markets.
This transition in leadership comes as FTAI continues to position itself for further growth and operational excellence. As a result of these announcements, the company's shares have moved 2.57% on the market, and are now trading at a price of $273.71. For more information, read the company's full 8-K submission here.
