CANADA 's cargojet announced Monday that founder Ajay Virmani is vacating his role as CEO, effective January 1, with Pauline Dhillon, the chief corporate officer, and Jamie Porteous, chief strategy officer, taking over as co-CEOs.
The news marks the third time the leader of a North American cargo airline has been replaced in the past six weeks.
Ms Dhillon and Mr Porteous have been part of Mr Virmani 's executive team since he founded the all-cargo airline 22 years ago.
'Their complementary skill set, long-standing dedication to our organization along with unwavering focus on our team, customers, and stakeholders makes them the ideal strategic successors to lead us into a new era of innovation and growth while continuing to provide a seamless service to our customers,' said Mr Virmani, who will transition to executive chairman.
In his new role, Mr Virmani will focus on strategic planning, including aircraft acquisitions, and help train the next generation of company leaders.
Under his leadership, Cargojet has grown into Canada 's largest cargo airline, with 39 aircraft and with compound annual growth in core operating profit of 20 per cent over the past two decades.
The company operates an overnight freight network. It also provides outsourced cargo transport - in which the customer assumes the risk for fuel, booking shipments at market rates, and other operating fees - as well as charter services. Blue-chip customers include Amazon, DHL, Purolator, UPS and Canada Post, as well as freight forwarders.
'Everything we have done at Cargojet has been against odds. Starting an airline after 9/11; convincing global package delivery brands that it is more efficient to abandon their own aircraft fleets in favour of Cargojet 's network; surviving the 2007-08 global financial crisis, and more recently tackling once in a 100-year pandemic,' said Mr Virmani in a statement.
Ms Dhillon has had various levels of corporate responsibility, including marketing, government relations, human resources, legal, facilities and commercial operations. She currently oversees all aspects of support functions as well as ground operations globally.
Mr Porteus has led sales, customer relations, commercial strategy, operations, network planning and design, and investor relations during his time at Cargojet.
SeaNews Turkey
The news marks the third time the leader of a North American cargo airline has been replaced in the past six weeks.
Ms Dhillon and Mr Porteous have been part of Mr Virmani 's executive team since he founded the all-cargo airline 22 years ago.
'Their complementary skill set, long-standing dedication to our organization along with unwavering focus on our team, customers, and stakeholders makes them the ideal strategic successors to lead us into a new era of innovation and growth while continuing to provide a seamless service to our customers,' said Mr Virmani, who will transition to executive chairman.
In his new role, Mr Virmani will focus on strategic planning, including aircraft acquisitions, and help train the next generation of company leaders.
Under his leadership, Cargojet has grown into Canada 's largest cargo airline, with 39 aircraft and with compound annual growth in core operating profit of 20 per cent over the past two decades.
The company operates an overnight freight network. It also provides outsourced cargo transport - in which the customer assumes the risk for fuel, booking shipments at market rates, and other operating fees - as well as charter services. Blue-chip customers include Amazon, DHL, Purolator, UPS and Canada Post, as well as freight forwarders.
'Everything we have done at Cargojet has been against odds. Starting an airline after 9/11; convincing global package delivery brands that it is more efficient to abandon their own aircraft fleets in favour of Cargojet 's network; surviving the 2007-08 global financial crisis, and more recently tackling once in a 100-year pandemic,' said Mr Virmani in a statement.
Ms Dhillon has had various levels of corporate responsibility, including marketing, government relations, human resources, legal, facilities and commercial operations. She currently oversees all aspects of support functions as well as ground operations globally.
Mr Porteus has led sales, customer relations, commercial strategy, operations, network planning and design, and investor relations during his time at Cargojet.
SeaNews Turkey
