Thu, Aug 06, 2009
David Sokol Named Interim CEO
NetJets
Inc. announced Tuesday that Richard T. Santulli will be leaving the
company he created.
“After 25 years of working with the most talented group of
people I could ever have imagined, who helped build the premiere
aviation company in the world, I have decided to step down as
Chairman and CEO of NetJets immediately, in order to spend some
more time with my young family and pursue other interests,”
said Richard T. Santulli, chairman and CEO of NetJets Inc.
“I
will remain on with NetJets as a consultant for at least the next
12 months, in order to assist NetJets in this transition. I want to
personally thank everyone at NetJets for all of their tireless
energy, intelligence and support throughout all of these years. I
have been fortunate to have you all as part of my extended family.
I informed Mr. (Warren) Buffett of this decision this morning, and
his response follows:”
“It is with reluctance that I accept Richard’s
decision to step down. Richard Santulli is synonymous with the
fractional jet ownership industry and his vision and energy has
made NetJets the leader that it is today. All of Richard’s
friends at Berkshire Hathaway wish Richard well in this
transition.”
Buffett has appointed David Sokol as Chairman and interim Chief
Executive Officer to allow for a smooth transition. David Sokol
stated “NetJets is a tremendous company with an outstanding
team of people who dedicated themselves to providing the finest
fractional ownership experience possible. I look forward to working
with this team in building upon NetJets’ legacy which Richard
created.”
More News
With Testing Soon Complete, Launch Preparations Begin in Earnest Sierra Space's Dream Chaser has been put through the wringer at NASA's Glenn Armstrong Test Facility in Ohio, but w>[...]
Takeoff Roll The process whereby an aircraft is aligned with the runway centerline and the aircraft is moving with the intent to take off. For helicopters, this pertains to the act>[...]
“We’re proud of the hard work that went into receiving this validation, and it will be a welcome relief to our customers in the European Union. We couldn’t be mor>[...]
"Aircraft Spruce is pleased to announce the acquisition of the parts distribution operations of Wag-Aero. Wag-Aero was founded in the 1960’s by Dick and Bobbie Wagner in the >[...]
IDENT Feature The special feature in the Air Traffic Control Radar Beacon System (ATCRBS) equipment. It is used to immediately distinguish one displayed beacon target from other be>[...]