Aergo Capital announces COO departure

Aergo Capital announces COO departure

Aergo Capital Ltd has announced that its chief commercial officer is leaving next month, after making a “significant contribution” to the company’s two-year transformation.

Gerry Power (pictured above) was seconded to the aircraft leasing and trading company from Power Aviation Support after it was bought by CarVal Investors in 2014, and will return after successfully completing his two-year contract.

He leaves Aergo Capital on 28 February.

Aergo Capital’s CEO, Fred Browne, said Power had played a “significant role” in turning it into an airline-centric operating lessor with a fleet value of around $1 bn, and had been instrumental in establishing its Trading Floor Platform, which supports its commercial team. He was also “hugely important” in upgrading the company’s management systems and processes.

“We are very grateful for Gerry’s significant contribution in transforming the company in the past two years and for the role he played in our recent successful securitisation transaction. The company wishes Gerry continued success at Power Aviation,” said Browne.

Power added: “It was a great honour to have been selected by Aergo to help transition the company after its acquisition by CarVal Investors. I have thoroughly enjoyed my two years working with Fred, developing the Aergo brand, establishing a global presence and cultivating great young talent.”

Elizabeth Eyre
By Elizabeth Eyre January 19, 2018 14:02