Under the direction of a new parent company, private investment firm Patriarch Partners, MD Helicopters has made more changes to its senior executive team. The company has named Peter Hokanson chief financial officer and acting CEO as the search for a permanent chief executive continues. Hokanson most recently served as vice president of business administration and information technology at Garrett Aviation.
In a statement released December 20, health and security assistance provider MedAire announced that its two largest shareholders have reached a letter agreement “outlining mutual goals and strategies relating to the direction and control of MedAire” that would effectively place control of the company in the hands of its largest competitor, International SOS (ISOS).
A proposed wholesale change to Embraer’s capital structure will see CEO Mauricio Botelho leave his chief executive’s post in April next year and become chairman of the new company until April 2009, the end of his three-year term. Embraer’s CEO since September 1995, 10 months after the company became a private enterprise, Botelho called the decision to step down a personal one.
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