TrueNoord appoints Paul Murphy as its new CFO

TrueNoord, the regional aircraft lessor with Offices in Dublin, London, Amsterdam and Singapore, has announced that Paul Murphy is to take over as the company's Chief Financial Officer (CFO).

Prior to joining TrueNoord, Murphy operated as Head of Finance of Goshawk Aviation prior to its sale to SMBC Aviation Capital in December 2022. As part of the management team at Goshawk, he overhauled the Finance and Managed Asset functions to support the growth of the business. Before joining Goshawk Aviation, Murphy held senior finance positions at ORIX Aviation, to begin with working as Vice President – Finance, before being promoted to the role of Director, Group Accounting & Treasury.

Murphy made it clear that the reputation of TrueNoord's robust and talented team along with their positive investor relations was what attracted him to the position. “Notwithstanding some macro headwinds, TrueNoord is exceptionally well placed to support the post-pandemic recovery of the regional aviation sector. Their balanced growth strategy is underpinned by a team of highly experienced sector specialists as well as supportive shareholders.” Murphy added that: “I'm pleased to join TrueNoord at this key stage of the organisation's evolution and look forward to seeking new and innovative ways to help scale up its platform and grow the business.”

“We are delighted to welcome Paul onboard in this crucial role. His longstanding experience managing financial operations in the aviation sector is an asset to our business” comments Anne-Bart Tieleman, TrueNoord CEO Tieleman added that Murphy's background and expertise were ideal for TrueNoord. “Paul is a highly respected member of the aviation community with a reputation for team motivation and commercial success. We will benefit from his knowledge and experience as we continue on our journey, supporting our airline customers as they strive to connect people, communities and businesses across the world.”

Murphy initially trained with KPMG and then went on to become an Audit Manager in their Financial Services Division, primarily working with clients in the aviation sector. He holds a Commerce Degree, a Master's in Accounting and is a Fellow of the Institute of Chartered Accountants Ireland.