Sokol Stamps Mark on NetJets Europe

AINalerts » October 6, 2009
October 6, 2009, 1:08 PM

New NetJets chairman and interim CEO David Sokol has begun making changes at NetJets Europe, appointing a new boss to run the business and implement job cuts at the division’s headquarters in Lisbon, Portugal. Eric Connor has been appointed the new CEO and chairman of NetJets Europe following the October 4 resignation of CEO William Kelly, which the company said was “to pursue his own interests.” Connor will transition from his current role as senior vice president and chief procurement officer of MidAmerican Energy Holdings Company (MEHC), of which Sokol is chairman. Like NetJets, MEHC is a Berkshire Hathaway company. Connor has been with the energy group since 1992. Last Thursday, NetJets Europe announced that it will cut its workforce by 6 percent, shedding about 100 positions. All the jobs will be lost from operational functions at the company’s NetJets Transportes Aéreos operating company based in Lisbon. The company has said that the reduction will not compromise either safety or customer service and is part of a strategic business review to align the company with current market conditions.

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