FTAI Aviation Announces CFO Transition
MWN-AI** Summary
FTAI Aviation Ltd. has announced significant changes to its executive team with the appointment of Nicholas McAleese as the new Chief Financial Officer (CFO) and Michael Hazan as Chief Accounting Officer (CAO), effective immediately. This transition follows the departure of Eun (Angela) Nam, who has served as CFO for twelve years and is leaving to pursue a new opportunity outside the aviation industry. Ms. Nam will assist in the transition process in an advisory role.
Joe Adams, Chairman and CEO of FTAI, expressed confidence in the new leadership, highlighting McAleese's financial acumen and Hazan's extensive experience in accounting and financial reporting. McAleese, who joined FTAI in 2022 as Senior Vice President of Financial Planning and Analysis, has been influential in strengthening the company's corporate finance functions. He holds a Bachelor’s degree in Economics from Trinity College Dublin and is a Chartered Financial Analyst as well as a Certified Public Accountant.
Hazan has been with FTAI since 2017 and served as Senior Vice President, Controller prior to his new role. His background includes significant positions at Fortress Investment Group and experience in public accounting with PwC. He holds both a Master’s and a Bachelor’s degree from Babson College and is also a Certified Public Accountant.
The leadership change comes at a time when FTAI continues to position itself in the aviation market, combining advanced turbine technology with asset ownership. The company remains committed to growth and operational excellence as it navigates this leadership transition.
MWN-AI** Analysis
The recent announcement of a leadership transition at FTAI Aviation Ltd. (NASDAQ: FTAI) signals a pivotal moment for the company as it seeks to build on its growth momentum. The appointment of Nicholas McAleese as Chief Financial Officer and Michael Hazan as Chief Accounting Officer reflects a strategic move to leverage internal talent. Both executives have a solid track record within the organization, having contributed to its financial planning and accounting functions for several years.
Investors should consider the potential impact of these appointments on FTAI's future performance. McAleese's experience in financial planning and analysis, combined with Hazan’s expertise in financial reporting, positions the finance team to respond effectively to the dynamic conditions in the aviation market. This continuity in leadership not only mitigates potential disruptions but also reinforces investor confidence in the company's strategic direction.
Moreover, with the aviation industry expected to recover and potentially flourish post-pandemic, FTAI’s ability to harness advanced turbine technology could play a critical role in capturing market share. The team's familiarity with existing operations and financial structures may allow for more agile decision-making, fostering innovation and operational efficiency.
However, caution is advised since transitions can also introduce uncertainties. While a seamless transition is expected, investors should remain alert to risks associated with regulatory compliance and changing market dynamics. The forward-looking statements accompanying the announcement underline the importance of monitoring FTAI's financial health closely, particularly in the context of its ongoing projects and financial disclosures.
Overall, FTAI holds potential for growth, but investors are encouraged to assess the broader market trends and specific performance metrics before making investment decisions. Additionally, keeping an eye on industry developments will be crucial to understanding FTAI’s trajectory.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
NEW YORK, March 06, 2026 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ: FTAI) (“FTAI” or the “Company”) today announced that Nicholas McAleese has been appointed Chief Financial Officer, and Michael Hazan has been appointed Chief Accounting Officer, both effective immediately.
Mr. McAleese, FTAI’s Senior Vice President of FP&A, and Mr. Hazan, FTAI’s Senior Vice President, Controller, succeed Eun (Angela) Nam as Chief Financial Officer and Chief Accounting Officer, respectively. Ms. Nam is departing FTAI to pursue a new opportunity at a public company outside the aviation industry and will work closely with Mr. McAleese and Mr. Hazan in an advisory capacity to support a smooth transition.
“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,” said Joe Adams, Chairman and CEO. “Nicholas brings strong financial leadership and a deep understanding of our business, and 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 the company in 2022, Mr. McAleese has played a key role in building out core corporate finance functions and financial planning and analysis. Mr. Hazan joined the Company in 2017 and has played a leadership role on all accounting, financial reporting and operational efforts.
Mr. Adams continued, “On behalf of the Board and our leadership team, I would like to thank Angela for her meaningful contributions to FTAI over the last twelve years. She has been a valued colleague, and we wish her the best in her next chapter.”
Ms. Nam added, “I would like to thank Joe and the entire FTAI team for their support during my time at the Company. It has been a pleasure to work with such talented and dedicated colleagues, and I am committed to ensuring a seamless transition.”
About Nicholas McAleese
Mr. McAleese is the Chief Financial Officer of FTAI Aviation. Since joining FTAI in 2022, Mr. McAleese has focused on financial planning and analysis and corporate finance. Prior to joining FTAI, Mr. McAleese held various roles at BHG Financial, Breather and PwC focused on public accounting, real estate and capital markets. Mr. McAleese holds a B.A. in Economics from Trinity College Dublin and is both a Chartered Financial Analyst and a Certified Public Accountant.
About Michael Hazan
Mr. Hazan is the Chief Accounting Officer of FTAI Aviation. From 2024 to 2026, Mr. Hazan served as Senior Vice President, Controller where he oversaw the Company’s accounting, financial reporting and operational efforts. From 2017 to 2024, Mr. Hazan held various roles within Fortress Investment Group primarily focused on accounting and financial reporting, including for the Company. Prior to this, he worked in PwC’s audit practice for over six years, most recently as an Assurance Manager. Mr. Hazan holds a M.S. in Accounting and a B.S. in Business Management, Accounting from Babson College and is a Certified Public Accountant.
About FTAI
FTAI combines advanced turbine technology and asset ownership to power the world’s most essential markets. Additional information is available at https://www.ftaiaviation.com.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, many of which are beyond the Company’s control. The Company can give no assurance that its expectations will be attained and such differences may be material. Accordingly, you should not place undue reliance on any forward-looking statements contained in this press release. For a discussion of some of the risks and important factors that could affect such forward-looking statements, see the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which are available on the Company’s website (www.ftaiaviation.com). In addition, new risks and uncertainties emerge from time to time, and it is not possible for the Company to predict or assess the impact of every factor that may cause its actual results to differ from those contained in any forward-looking statements. Such forward-looking statements speak only as of the date of this press release. The Company expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto or change in events, conditions, or circumstances on which any statement is based. This release shall not constitute an offer to sell or the solicitation of an offer to buy any securities. Nothing on the Company’s website is included or incorporated by reference herein.
For further information, please contact:
Alan Andreini
Investor Relations
FTAI Aviation Ltd.
(646) 734-9414
aandreini@ftaiaviation.com
Media:
Tim Lynch / Kelly Sullivan
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449
FAQ**
How will the transition from Eun (Angela) Nam to Nicholas McAleese as CFO affect Fortress Transportation and Infrastructure Investors LLC (FTAI)'s financial strategies moving forward?
What specific financial improvements does Nicholas McAleese plan to implement at Fortress Transportation and Infrastructure Investors LLC (FTAI) given his background in corporate finance and analysis?
Given Michael Hazan's extensive experience with Fortress Transportation and Infrastructure Investors LLC (FTAI), how will he enhance the company's accounting practices and financial reporting?
What risks and uncertainties does Fortress Transportation and Infrastructure Investors LLC (FTAI) foresee in the aviation market that could impact its financial outlook under new leadership?
**MWN-AI FAQ is based on asking OpenAI questions about Fortress Transportation and Infrastructure Investors LLC (NASDAQ: FTAI).
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