Worldwide Flight Services (WFS) has announced today that president and chief executive officer (CEO), Olivier Bijaoui has left the company, in what is seen as a shock in the industry.
WFS Group chief operating officer Barry Nassberg will assume the interim leadership responsibilities of the cargo handler, which was acquired last year by Platinum Equity as part of a significant deal, while WFS itself bought Fraport Cargo Services and Consolidated Aviation Services (CAS).
Nassberg says WFS has strong momentum and is confident business will continue as usual during the transition: “WFS is a strong and growing company with dedicated employees throughout the organization and strong leaders at every level.
“Our recent acquisition of CAS has all the potential we expected and the integration of our companies is proceeding ahead of schedule. We also have several new business wins coming on line and a robust pipeline of additional opportunities.”
Platinum Equity head of European investment, Bastian Lueken explains WFS’s strategic growth plan is well on track: “Teams throughout the company are performing at a high level with an intense focus on serving customers. We are pleased with the direction the company is headed and are fully committed to supporting its long-term strategic plan.”
Lueken adds he expects a seamless transition and that a thorough global search for a new CEO will identify the right candidate to lead the combined organisation into the future.