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Bristow Group Inc., a leading provider of global industrial aviation services, announced Nov. 9 the upcoming retirement of Jonathan E. Baliff, chief executive officer of Bristow Group, in the coming months.
Thomas N. Amonett, vice chairman of the Board of Directors of Bristow, has been appointed to serve as the interim president of the company during the CEO transition process.
The Corporate Governance and Nominating Committee of the board of directors is leading the search for a new CEO, with input from the board of directors and the support of an executive search firm.
Until Baliff’s retirement, he will focus on integration planning for the Columbia Helicopters, Inc. acquisition, which was announced by the company in a separate press release this morning. Baliff will resign from the board of directors concurrently with the effectiveness of his retirement.
The senior management of the company will report directly to Amonett, who will work closely with Thomas C. Knudson, chairman of the board of directors, to oversee operations. Baliff will continue to report to the board of directors.
Knudson stated, “On behalf of the entire company, I want to thank Jonathan for his contributions over the past eight years, including his advancement of our long-term strategy to diversify and expand our capabilities for existing and new customers. During Jonathan’s tenure, we positioned Bristow to become the world’s premier, diversified industrial aviation services company, and I am confident Tom’s substantial operational and leadership expertise will allow him to skillfully guide the team as we embark on this next phase of growth.
“While we are now a more effective, efficient organization, we still have significant work to do to reduce costs and improve our financial position. The Columbia acquisition will strengthen our financial position, broaden our industrial aviation capabilities, and continue to diversify and expand our fleet and customer base.”
Amonett said: “I look forward to collaborating closely with Tom, senior management and the rest of our talented team to continue to enhance our operations, improve capital returns, and deliver the best and safest service in the industry.”
Baliff stated, “I am honored to have led Bristow, and I am proud of what our teams have accomplished since 2010, including improving our Target Zero safety culture, strengthening our capital allocation and operational processes and diversifying our aviation services. I believe the company is well positioned to seize opportunities in the growing market for industrial aviation.
“I am committed to executing a smooth leadership transition, and I look forward to serving as a representative of Bristow on the Columbia Board of Directors.”