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.”
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