Fairbanks Morse Defense Names Starr CFO
Power and propulsion solutions company Fairbanks Morse Defense (FMD) announced that Robert Starr is joining the executive team as chief financial officer. In this role, he will lead the corporate finance team and oversee all financial reporting for the company.“Rob’s background working with commercial and military customers makes him a great fit for the Fairbanks Morse Defense team,” said George Whittier, CEO of FMD, an Arcline Investment Management portfolio company. “His ability…
NYK Introduces Its Green Bond Initiatives
Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK), the first company in the global shipping industry to issue labelled green bonds, presented its initiatives at a seminar conducted by Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. in Tokyo.A green bond is one in which the proceeds are used solely for the purpose of funding environment-friendly projects.The importance of environmental, social, and governance (ESG) initiatives is getting a lot of attention in capital markets, and this seminar provided information on current ESG affairs to issuers interested in ESG bonds.Yuichi Shirane, deputy manager of the Corporate Finance Team in NYK’s Finance Group…
HII's Barb Niland Named Top CFO by Virginia Business Magazine
Barb Niland, HII's corporate vice president of business management & chief financial officer, was recognized in the publicly traded companies category. "I am honored to work with more than 37,000 of the most talented shipbuilders in the world," Niland said upon receiving the award at the eighth annual CFO Awards Banquet in Richmond. Niland is the CFO of the largest manufacturing employer in Virginia and one of the state's 23 Fortune 500 companies. She led HII's spin-off from Northrop Grumman Corp. in 2011 and successfully transitioned from a business unit CFO to a public company CFO.
Phil Cowan Returns to Moore Stephens
Corporate finance specialist Phil Cowan has returned to shipping accountant and consultant Moore Stephens as Head of Corporate Finance. Formerly Group CFO of V.Group Limited and Chairman of V.Ships Capital, Cowan has first-hand experience of ship management, marine services, shipbroking and ship finance, and represented shipowners and investors in a number of shipping asset investments, structuring equity and debt finance. He was responsible for a number of V.Ships’ acquisitions and led the V.Ships’ team that managed the sale of V.Group to Omers Private Equity.
