FTAI Aviation Ltd. announced that Nicholas McAleese will become its Chief Financial Officer, effective March 6 2026. The appointment follows the departure of former CFO Eun (Angela) Nam, who stepped down to pursue a new opportunity outside the aviation industry. McAleese, who joined FTAI in 2022 as Senior Vice President of Financial Planning and Analysis, will lead the company’s finance function as it expands its aerospace products and strategic capital initiatives.
Nam, who had served as CFO for twelve years, notified the board on March 3 2026, and her resignation became effective on March 6. She will continue in an advisory capacity to ensure a smooth transition. Her departure is unrelated to any financial or accounting issues.
Alongside McAleese, Michael Hazan was named Chief Accounting Officer, effective the same day. Hazan, who joined FTAI in 2017 as Senior Vice President of Controller, will oversee the company’s accounting and reporting functions. McAleese’s annual base salary is $525,000, and Hazan’s is $425,000; both executives will receive one‑time Restricted Stock Unit grants of $1.2 million and $1 million, respectively, vesting over three years.
The announcement was met with a negative market reaction, reflecting investor concerns about the leadership transition and its potential impact on financial stewardship.
FTAI’s most recent quarterly earnings, released in late February, showed revenue of $662 million, up 32.7% year‑over‑year, and adjusted EBITDA of $277 million. The company missed revenue and earnings estimates by 4.1% and 13.2%, respectively, but raised its 2026 adjusted EBITDA guidance to a midpoint of $1.58 billion, above analyst expectations of $1.46 billion.
The company’s strategy continues to focus on expanding its aerospace products segment, which generated $671.3 million in adjusted EBITDA in FY 2025, a 76% increase from FY 2024, and on advancing its Strategic Capital Initiative and the development of FTAI Power. Joe Adams said, “FTAI delivered exceptional results in 2025, driven by continued demand for our Aerospace Products business and excellent execution across the Company. With this performance, we are entering 2026 from a position of strength—raising our outlook, expanding production capacity, and advancing key initiatives including the next Strategic Capital partnership and the launch of FTAI Power. Combined with another increase to our quarterly dividend, these accomplishments underscore the momentum across the business.” The CFO transition is intended to support these growth initiatives and maintain continuity in financial leadership.
Joe Adams, Chairman and CEO, said, “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, 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.” 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.”
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