Maritime Jobs
Thursday, March 28, 2024

HII Head Gives Up Salary for Educational Fund

Posted by March 21, 2016

Mike Petters (Photo: HII)

Mike Petters (Photo: HII)

U.S. shipbuilder Huntington Ingalls Industries (HII) said it has begun the process of establishing a fund to provide educational assistance for children of HII employees.

While details of the educational fund are still being developed, it will be funded annually with HII President and CEO Mike Petters’ salary. HII’s Board of Directors recently approved a motion to enable Petters to reduce his annual salary to $1 per year. The balance of his salary, nearly $1 million, will annually fund this educational assistance program that will be operated by an independent third party yet to be identified.

“It will be some time before all the details are ironed out, but it’s my hope that this program, when it begins operations, will provide the children of HII employees opportunities for college scholarships and financial assistance for early childhood education,” Petters said .

HII said workforce development is a top priority for the company, and the establishment of this fund dovetails with those efforts to invest in future generations of workers through education, from pre-K through college. Some of HII’s other workforce development efforts include investment in STEM (science, technology, engineering and math) education programs; partnerships with community colleges and technical schools to develop trade-based curriculum; summer internships for both students and teachers, and industry-leading apprentice schools at the company’s two shipyards.

“I often speak about the importance of education,” Petters said. “As a business leader and as a member of my community, I am personally and professionally committed to every segment of the education pipeline. I also believe it’s my responsibility to demonstrate that commitment by investing in it. It’s a long-game investment, but to keep our national economy strong and to remain competitive on the world stage, we must invest in educating our future leaders.”

“We hope to be able to communicate details later this year, but I’m very honored and excited to be a part of this effort to help the children of our employees,” Petters said.

Huntington Ingalls IndustriesMike Petters

Featured Jobs

Captain

Bremerton, WA, United States

Assistant Manager - Vessel Crewing

Des Allemands, Louisiana, United States

OPEN VACANCY FOR ABLE SEAMAN ON AHTS

Crewing agency "Saga"

Assistant Operations Manager - WAF

Atlantic Container Line

Damage Control Leader

Military Sealift CommandNorfolk, VA, USA

Featured Employers

GOLDEN GATE BRIDGE, HIGHWAY AND TRANSPORTATION DISTRICT

Based in San Francisco, the District consists of three operating divisions including Bridge, Bus, an

Military Sealift Command

The Military Sealift Command (MSC) is a United States Navy organization that controls most of the re

Atlantic Container Line

ACL is a specialized transatlantic carrier of containers, project and oversized cargo, heavy equipme

DEEP FRONTLINE SHIPPERS LTD

We are a Nigeria based marine company, we are ship owners of various vessels like Oil Tankers, Dredg