September 20, 2024
Photo caption: Steve Powell (pictured right) will serve as HII's corporate vice president and treasurer, succeeding D.R. “Rick” Wyatt, who will retire at the end of this year.
NEWPORT NEWS, Va., (Sept. 20, 2024) — 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.
D.R. "Rick" Wyatt
HII is America’s largest shipbuilder, delivering the world’s most powerful ships and all-domain mission technologies, including unmanned systems, to U.S. and allied defense customers. HII is the largest producer of unmanned underwater vehicles for the U.S. Navy and the world.
With a more than 140-year history of advancing U.S. national security, HII builds and integrates defense capabilities extending from the core fleet to C6ISR, AI/ML, EW and synthetic training. Headquartered in Virginia, HII’s workforce is 44,000 strong.
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