Etihad Group CFO departs as carrier pursues turnaround plan

Etihad Airways Group CFO Mark Powers has stepped down after roughly a year in the job as the carrier overhauls its business after years of heavy losses. Powers, who joined in January 2018, resigned for personal reasons. He has been replaced in the interim by senior Etihad finance executive Adam Boukadida, the airline said Tuesday. Etihad said it was searching for a permanent replacement. Etihad did not say when Powers left the airline. Boukadida has served as interim Group CFO since March. Powers was hired as the airline embarked on a 5-year turnaround plan after a strategy of buying stakes in other airlines collapsed, contributing to billions of dollars in losses. Group CE Tony Douglas said in 2018 Powers would "play a pivotal role in helping to guide Etihad onto the next stage of its development". <br/>