Hannigan becomes CEO of CDB Aviation

Lilia
By Lilia January 14, 2020 17:16

Hannigan becomes CEO of CDB Aviation

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing, (CDB Leasing), has named Patrick Hannigan as the company’s new chief executive officer.

Hannigan, who is promoted to CEO from his current position of president and chief commercial officer, succeeds Peter Chang, whose planned retirement caps three years of leading the transformation of CDB Aviation into a full-service, global aircraft leasing platform.

CDB Aviation Chairman, Xuedong Wang, expressed his confidence in Hannigan’s leadership. “He will provide strong leadership and build on the growth of the recent past to ensure long-term success. We are very happy with the leadership team’s success in establishing a true global platform, and we look forward to providing the support and resources that Pat and the talented staff of CDB Aviation will require to continue their efforts.”

Hannigan, who has steered the lessor’s increasingly robust operations since January 2017, has more than two decades of experience in finance, marketing, sales, and P&L oversight.

“I am honoured to be given the privilege of leading the talented and dedicated people of CDB Aviation in serving the growing fleet requirements of airlines around the world,” said Hannigan. “Together with our shareholder, our Board, and our top-notch global team, we will continue to focus on building mutually beneficial relationships with airline customers, financial partners, and industry OEMs, while delivering excellence in the way that meets the changing needs of the airline community and generates industry-leading shareholder value.”

Hannigan has been at the top of the airline leasing sector for many years, including his role as a founding shareholder of Avolon leasing. Hannigan served as senior vice president, marketing for RBS Aviation Capital (now SMBC). He also held the role of vice president marketing at GE Capital Aviation Services, where he spearheaded the development of the company’s operations in the Middle East and Africa. Hannigan has also held executive positions at Diageo and Deloitte and Touche. He is a fellow of the Institute of Chartered Accountants Ireland.

“Commercial aircraft leasing has grown to become both integral and necessary in supporting aviation’s role in the growth of global markets and cultural exchange,” added Hannigan. “Over the past three years, I have worked closely with Peter to build our top-calibre team and prepare our business for the next stage of expansion and growth.”

Outgoing chief executive officer Peter Chang summed up his tenure with CDB Aviation by emphasizing that “it has been a great pleasure to have brought together the best-in-class team. In establishing CDB Aviation as a Chinese lessor with a true global reach and scale, we have instilled an execution-driven culture of competency among our team, which will serve as the foundation for the company’s continued growth and success. As I depart, I am thankful for the opportunity presented to me and I leave with full confidence in Pat’s abilities to lead CDB Aviation into the future.” 

“With the industry’s increasingly competitive dynamics, our path forward will focus on enhancing efficiency and streamlining operations, while leveraging the foundation of our financially strong, highly competitive, and long-term industry participation-oriented position in the marketplace to better serve the needs of our customers and drive our growth momentum,” concluded Hannigan.

Lilia
By Lilia January 14, 2020 17:16