New Flight Options CEO brings Raytheon closer | Aviation International News

Charter & Fractional

New Flight Options CEO brings Raytheon closer

In a move that appeared to bring Raytheon a step closer to concluding its intention to take control of the operations of fractional jet provider Flight Opt

By Gordon Gilbert • Contributor - Accidents and Regulations

October 11, 2007

In a move that appeared to bring Raytheon a step closer to concluding its intention to take control of the operations of fractional jet provider Flight Options, company chairman and CEO Kenn Ricci stepped down last month and was replaced by John Nahill, formerly v-p of corporate strategy and development at Raytheon Co. He was named chairman and CEO in a unanimous vote by the nine-member board.

Ricci had not planned on relinquishing command of the company he founded in 1998. In late November he told AIN that he planned to stay at the helm of the company even after Raytheon takes control. Ricci will continue as an “advisor to company management and support its future endeavors,” though he will not serve on the board.

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