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CHC Group Ltd.

09/05/2019 | Press release | Distributed by Public on 09/05/2019 15:18

CHC Group Announces Appointment of Top Executives Sep 5, 2019 Read More

IRVING, TX - CHC Group, one of the world's leading helicopter services and maintenance, repair and overhaul providers, today announced two key executive appointments.

David Balevic has been named President and Chief Executive Officer and was appointed as a member of the Board of Managers. Balevic assumed the role of interim CEO following Karl Fessenden's resignation to accept an outside position in July 2019.

Imran Hayat was appointed Executive Vice President, General Counsel and Chief Strategy Officer, and will be second in command at CHC. In his expanded role, Hayat will lead the development of CHC's corporate strategy and focus on increasing shareholder value. He will also be responsible globally for all aspects of Legal, including Compliance, Risk and Insurance, as well as Fleet Strategy, Human Resources and Communications.

John Gremp, Chairman of CHC Board of Managers said, 'Dave and Imran have a keen understanding of our customers, operations, suppliers and the industry dynamics. They are clearly the right leaders to guide CHC forward in this new era.' Mr. Gremp also said, 'Because the Board places a strong emphasis on succession planning, both Dave and Imran were well-prepared to step into these critical leadership roles. The Board of Managers is confident they will enable us to accelerate the company's transformation and drive a profitable, sustainable business model.'

Balevic joined CHC as Senior Vice President, Engineering & Operations in May 2015, bringing 26 years of progressive engineering and leadership experience at General Electric. During his time at GE, he held roles in aviation, power generation and oil & gas. Balevic holds a Master's Degree in Aerospace Engineering from the University of Cincinnati and a Bachelor's Degree in Mechanical Engineering from Clarkson University.

Hayat joined CHC in July 2015 and was appointed General Counsel and Chief Administrative Officer in February 2018. Hayat has more than 17 years of experience counselling some of the world's largest companies, litigation and complex international legal matters and transactions. He has a Bachelor's Degree in Economics and Diplomacy and World Affairs from Occidental College, and a Juris Doctorate (J.D.) from the University of California, Hastings College of the Law.
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About CHC
For more than 70 years, CHC Helicopter has provided safe, reliable, cost-effective helicopter service in some of the most remote and challenging environments around the world. With extensive experience transporting customers in the oil and gas industry, supporting search-and-rescue and EMS contracts, and providing maintenance, repair and overhaul services, our dedication to safety and reputation for quality and innovation help our customers reach beyond what they thought possible. Visit www.chcheli.com for information.

Cautionary Note on Forward-Looking Statements
This press release and other statements that we may make contain forward-looking statements. Forward-looking statements are statements that are not historical facts and include statements about our future financial condition and future business plans and expectations. Such forward-looking statements are based upon the current beliefs and expectations of our management, but are subject to risks and uncertainties, which could cause actual results and/or the timing of events to differ materially from those set forth in the forward-looking statements. The forward-looking statements speak only as of the date on which they are made and we undertake no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated.