CHC appoints new CEO
CHC Helicopter has announced the appointment of Jørn Madsen as its new CEO, following the resignation of previous President and CEO David Balevic
Madsen previously served as the Head of Maersk Drilling, a drilling rig operator, until that company’s merger with rival firm Noble Corporation last year.
“I relish the opportunity to lead CHC Helicopter at this pivotal moment in the company’s rich history,” said Madsen, commenting on his appointment. “I come from an industry which shares common cultures and customers, and I share CHC’s unwavering commitment to safety, quality and service. I look forward to meeting our frontline teams who deliver for CHC customers, across six continents, under the most challenging conditions, every single day.”
Outgoing incumbent Balevic has served as President and CEO since 2019. According to Harry Quarls, Chairman of CHC’s Board of Managers, he ‘led CHC through challenging times, and has been instrumental in positioning the company for future growth’.
Balevic added: “It has been my privilege over the last three years to lead and serve an incredible organization. During this time, we have restructured our balance sheet, strengthened our operational capabilities, and positioned the company for future success. It is time for me to move on to my next challenge, and I do so with full confidence in CHC’s bright future.”
CHC agreed to sell its UK-based offshore oil and gas services to the South African-based Ultimate Aviation Group in January, following a ruling by the country’s Competition and Markets Authority.