Aergo Capital, the global aircraft lessor and a subsidiary of AB CarVal, has announced that Chief Executive Officer (CEO) Fred Browne will step down at the end of January as part of a structured and planned leadership transition. As part of the succession process, Eugene O’Reilly, currently Chief Operating Officer, has been appointed Acting Chief Executive Officer, ensuring continuity as the company builds on the strong platform established under Browne’s leadership.
Browne has led Aergo Capital since its founding in 1999, playing a pivotal role in shaping the business and driving its long-term growth and success. To support a smooth handover, he will remain with the company until the end of the month before formally transitioning out of the business.
Greg Belonogoff, Principal, Aviation Leasing at AB CarVal, paid tribute to Browne’s contribution, saying: “Fred has been instrumental in building Aergo into the world-class platform it is today, and we are immensely grateful for his leadership and dedication since AB CarVal acquired the business in 2014.” He added: “This planned transition is a testament to our ongoing commitment to Aergo’s long-term stability and growth, as we continue to focus on delivering results for clients and investors.”
Reflecting on his tenure, Browne said: “It has been a privilege to lead Aergo Capital from the very beginning, leading its incredible journey of growth. I am proud of what we have accomplished, and I want to thank the entire team for their hard work and commitment. I am confident that there is a bright future ahead for Aergo.”
