Immediately after three months of having the position on an interim foundation, airline industry veteran Ursula Hurley has been appointed CFO of JetBlue Airways.
Hurley has been the lower-expense carrier’s performing finance main considering the fact that June when Steve Priest remaining JetBlue to turn out to be CFO of eBay. She was beforehand JetBlue’s treasurer, dependable for controlling its $13 billion stability sheet.
As CFO, Hurley will be dependable for JetBlue’s general economical strategy which includes accounting, audit, plane and motor transactions, funds management, company finance, fuel, and tax.
“Ursula has done an unbelievable position primary us as a result of the pandemic,” CEO Robin Hayes said in a information release. “With a regular hand, she’s elevated cash to allow us to weather the worries and proven to be centered on aiding us control our expense structure. As we emerge from the pandemic, her continued leadership in controlling expenses will be elementary to her position.”
In its most current quarter, JetBlue’s revenue grew to $one.five billion from $215 million a calendar year previously, as travel demand amid the coronavirus pandemic enhanced. Its share rate, having said that, has fallen about 25% considering the fact that April.
“The business is centered on strengthening its stability sheet and increasing margins in the coming a long time,” according to Forbes.
Hurley, who has a bachelor’s degree in company management from Fairfield University and an MBA from Columbia University, has expended her whole occupation at JetBlue, signing up for the business as an analyst in 2004.
“Her move from treasurer to CFO is not particularly prevalent,” The Wall Road Journal said, noting that only about 8.6% of CFOs at businesses in the S&P 500 or Fortune 500 have been beforehand treasurer.
“I’m so fired up to go on to work closely with both equally the senior leadership crew and our unbelievable finance crew to assist JetBlue’s recovery,” Hurley said. “Together we’re fully commited to rebuilding margins, maintaining our aim on expenses, and restoring our stability sheet to enable us go on to prosper.”