July 02, 2016: Olivier Bijaoui, CEO of Worldwide Flight Services (WFS), one of the world's leading cargo handlers and providers of ground handling and technical services, has left the company. Barry Nassberg, chief operating officer, WFS Group, will assume the interim leadership responsibilities.

This was another shock for the air freight industry after Dirk Reich's decision to leave Cargolux.

Nassberg joined WFS more than 20 years ago, initially working in Europe during the company's time as a subsidiary of American Airlines, and later in Asia as he led the company's rapid growth in regions outside of Europe and North America. Nassberg's career in aviation began as a passenger services agent 35 years ago.

Nassberg said WFS has strong momentum and is confident business will continue as usual during the transition.

"WFS is a strong and growing company with dedicated employees throughout the organisation and strong leaders at every level," said Nassberg. "Our recent acquisition of CAS has all the potential we expected and the integration of our companies is proceeding ahead of schedule. We also have several new business wins coming on line and a robust pipeline of additional opportunities."

In February 2016, WFS acquired Consolidated Aviation Services (CAS), one of the leading cargo handlers in the United States.

Bastian Lueken, head of the European investment team at Platinum Equity, which acquired WFS last year, said WFS's strategic growth plan is well on track.

"Teams throughout the company are performing at a high level with an intense focus on serving customers," said Lueken.

Lueken said he expects a seamless transition and that a thorough global search for a new CEO will identify the right candidate to lead the combined organisation into the future.

Our Correspondent

    Read Full Article