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Mark Powers Retires From JetBlue CFO Role
JetBlue Airways Corp. (NASDAQ:JBLU) today announced that Mark Powers, executive vice president and chief financial officer, will retire from the CFO role effective November 1, 2016. He will remain an advisor to the company for one year.
Jim Leddy, JetBlue’s senior vice president and treasurer, will serve as CFO on an interim basis following Powers’ November retirement, subject to approval of the JetBlue Board of Directors at its regular meeting next week.
“On behalf of JetBlue’s 19,000 crewmembers, I want to extend our profound thanks to Mark for his decade of service to our company,” said Robin Hayes, JetBlue’s president and chief executive officer.
“During Mark’s tenure JetBlue has nearly tripled in size in crewmembers, fleet and network. At the same time, under Mark’s leadership, we have grown revenue in excess of $4 billion, reduced total debt by $800 million, grown free cash flow Mark Powers Profile: Contact Information & Network - PitchBook PIT