FTAI Aviation Announces Key Leadership Changes: New CFO and CAO Appointments
NEW YORK – March 6, 2026 – FTAI Aviation Ltd. (NASDAQ: FTAI), a leading provider in advanced turbine technology and asset ownership, has announced significant leadership changes that could impact the company’s strategic direction and financial performance. The company has appointed Nicholas McAleese as its new Chief Financial Officer (CFO) and Michael Hazan as Chief Accounting Officer (CAO), both effective immediately. These appointments follow the departure of Eun (Angela) Nam, who is leaving to pursue a new opportunity at a public company outside the aviation sector.
Key Points for Investors
- Leadership Transition: Nicholas McAleese, previously Senior Vice President of Financial Planning & Analysis (FP&A), steps into the CFO role. Michael Hazan, who has been Senior Vice President, Controller, is promoted to CAO.
- Outgoing CFO/CAO: Eun (Angela) Nam, after 12 years of service, is leaving for another public company. She will remain in an advisory capacity during the transition to ensure operational continuity.
- Potential Impacts: Leadership changes at the CFO and CAO levels are material events for shareholders, as these positions directly influence financial strategy, reporting, and governance. This transition could affect investor confidence and, potentially, the company’s share price in the short term.
Details of the Transition
Chairman and CEO Joe Adams commented, “We are pleased to appoint Nicholas as CFO and Mike as CAO after their many years of contribution to FTAI’s growth and operational excellence. Nicholas brings strong financial leadership and a deep understanding of our business, while Mike brings extensive expertise in public company accounting, reporting, and controls. Together, they are exceptionally well-equipped to lead our finance and accounting team and support FTAI’s continued growth.”
Since joining FTAI in 2022, Mr. McAleese has played a key role in building core corporate finance functions and developing financial planning and analysis capabilities. His background includes roles at BHG Financial, Breather, and PwC, with expertise in public accounting, real estate, and capital markets. He holds a B.A. in Economics from Trinity College Dublin and is a Chartered Financial Analyst (CFA) as well as a Certified Public Accountant (CPA).
Mr. Hazan joined FTAI in 2017 and, as Senior Vice President, Controller from 2024 to 2026, oversaw the company’s accounting, financial reporting, and operational functions. He previously worked at Fortress Investment Group, focusing on accounting and financial reporting. Prior to that, he spent over six years at PwC, most recently as an Assurance Manager. Mr. Hazan holds an M.S. in Accounting and a B.S. in Business Management, Accounting from Babson College, and is a CPA.
Eun (Angela) Nam received recognition from the Board and her colleagues for her contributions over the past twelve years. She expressed gratitude for the support and affirmed her commitment to ensuring a seamless transition.
What Shareholders Need to Know
- Material Event: The transition of CFO and CAO roles is a material event that may influence the company’s financial strategy, controls, and reporting. Investors should monitor for any changes in financial guidance or disclosures in upcoming filings.
- Continuity and Transition Plan: The company has emphasized continuity, with Ms. Nam working closely with her successors during the transition period. This should help mitigate operational risk.
- Experience and Credentials: Both new appointees bring significant experience and certifications relevant to their new roles, which may reassure investors regarding the competency and stability of the finance team.
- Forward-Looking Statements: The company has cautioned that forward-looking statements are subject to risks and uncertainties. Shareholders are advised to review the latest Form 10-K and 10-Q filings for additional risk factors that could impact FTAI’s future performance.
Company Overview
FTAI Aviation leverages advanced turbine technology and asset ownership to serve critical global markets. More information is available on their website: www.ftaiaviation.com.
Investor and Media Contacts
- Investor Relations: Alan Andreini, (646) 734-9414, [email protected]
- Media: Tim Lynch / Kelly Sullivan, Joele Frank, Wilkinson Brimmer Katcher, (212) 355-4449
Disclaimer: This article is for informational purposes only and does not constitute investment advice or an offer to buy or sell any securities. Leadership transitions can impact company performance and stock prices. Investors should perform their own due diligence and consult the company’s public filings for further details and risk disclosures.
View FTAI Aviation Ltd. Historical chart here
