Avolon, the international aircraft leasing company, has released that its Chief Executive Officer (CEO), Dómhnal Slattery, has informed the Board of his intention to step down from his executive role and from the Board in 2022. Avolon’s Board has unanimously appointed Andy Cronin, Avolon’s President & Chief Financial Officer (CFO), to the role of CEO Designate. In addition, Paul Geaney, Avolon’s Chief Commercial Officer (CCO) is appointed to the role of President & CCO with immediate effect.
Slattery is Avolon’s founding CEO and has overseen the growth of the business from the largest private-equity-backed start-up globally in 2010 to becoming the world’s second largest aircraft lessor with a balance sheet in excess of US$30 billion (£25 billion). Having served for 12 years and built a business with a market-leading team and franchise, he has elected to step down from his executive role and will now pursue a range of other interests in a non-executive capacity. He will work closely with new CEO Cronin over the coming months, to ensure an effective transition of leadership.
