In a seismic event for the business aviation industry, NetJets founder, chairman and CEO Richard Santulli yesterday resigned his position at the company, effective immediately. Santulli, credited as the “father of the fractional aircraft industry,” said he will remain with NetJets–a Berkshire Hathaway company–as a consultant for at least a year. David Sokol, the chairman at Berkshire-owned MidAmerican Energy Holdings, is now chairman and interim CEO of NetJets “to allow for a smooth transition,” the parent company said.
“After 25 years of working with the most talented group of people I could ever have imagined, who helped build the premier aviation company in the world, I have decided to step down…to spend some more time with my young family and pursue other interests,” Santulli said in a prepared statement issued last evening. “I want to personally thank everyone at NetJets for all of their tireless energy, intelligence and support throughout all of these years.”
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