CHC changes at the top
 

I have heard that the new owners have sidelined the CHC president and have put new people in charge ?
Trueor false and if yes where does that leave the" Canadian ownership" question??

I am assuming you are refering to Sylvan Allard the CEO retiring and moving on to CHC Canada to head that up?

The Canadian ownership was over when First Reserve bought the company.

By CHC Canada do you not mean the very separate Canadian Helicopters?
If so that is a Canadian company.

Canadian Helicopters Limited is a different beast altogether. It was, practically speaking, the domestic division of Canadian Helicopters. CHC Helicopter Corporation grew from the international division of Canadian Helicopters many years ago and then Craig Dobbin sold off the domestic division.

CHC Canada is a new company formed to take over the contract in Halifax from CHC Helicopter Corporation. Due to the lack of Canadian ownership CHC Helicopter Corporation was forced to sell the base. They sold the base to Sylvan Allard and others and started a company called CHC Canada.

I'd very surprised if that makes any sense to anyone not involved in the Canadian helicopter industry!

Actually they sold a percentage of the Halifax operation. CHC (First Reserve) hold a non majority share of CHC Canada.

CHC
 

I am Canadian and involved in the Canadian Helicopter Industry and it is confusing.

JD

Heli1
What rock have you been hiding under? It's been over a year. And with a name like that you should know better:=

In which case I'd get a new hearing aid if I were you.

Sorry Wizzard .You are right I know First Reserve have owned CHC for quite a time so hardly new owners but this latest devpt is recent is it not ?? And to put the record straight I believe it now follows Sylvain's retirement and strange Canadian laws so no reflection on a guy who has been a stalwart in helicopter ops for many years.

According to this week's Helidata News ,CHC have got a new man in charge,from a company in the US that specialises in sorting out companies in trouble.The article also confirms a new company being set up in Halifax by Sylvain with CHC having a minority share.
Interesting times when you look at what is happening with CHC worldwide.

I see CHC have added a AS365N2 to their fleet G-BVME. I wonder what that is used for?

Where :confused:

Isn't that the ex Norwegian frame returned off lease with the Icelandic Coastguard :hmm:

which staff were told? how were they told? I have heard this mooted before but seen nothing in writing or in email.

CHC Appoints New Chief Executive Officer

Bill Amelio to Lead the Firm in Its Next Phase of Growth


VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 10, 2010) - CHC Helicopter, the world's leading offshore helicopter services provider today announced the appointment of William J. "Bill" Amelio as Chief Executive Officer, effective immediately.

Amelio replaces Sylvain Allard who recently retired after a successful 25-year career with CHC that saw the company grow from a small domestic helicopter operator to a global leader in offshore oil worker transportation, helicopter maintenance and civilian search and rescue services.

"We have found the right person to take CHC Helicopter to the next level of performance," said Mark McComiskey, Managing Director of First Reserve Corporation, the private equity firm that purchased CHC Helicopter in a CDN$3.7 billion transaction in 2008. "Bill is an experienced CEO who grows businesses using his international perspective, a disciplined management approach and an ability to build and enhance a corporate culture that blends competitiveness with high standards of safety and performance."

Amelio has extensive international experience with several major corporations. Previously, Amelio was President and CEO of the Lenovo Group, the global personal computer maker, where he managed the integration of the IBM personal computer business, implemented a business transformation program and globalized the Lenovo computer brand. During his career Amelio has also led businesses in leading companies such as Dell, NCR, and AlliedSignal. He serves on the board of directors of National Semiconductor, a major designer and manufacturer of analog semiconductor devices.

"CHC's impressive reputation as a leader in its industry was an important factor in my decision to join," said Amelio. "I look forward to meeting our customers, partners and staff and the challenge of infusing my experience into a vision for CHC's future."

Amelio holds a master's degree in Management from Stanford University and a bachelor of science degree in Chemical Engineering from Lehigh University. Through the Amelio Foundation, Bill and his wife Jamie founded Caring for Cambodia, a non-profit organization that aims to educate the children of Cambodia through building schools, training teachers, and providing for basic human needs.

Currently in storage waiting to be sold :rolleyes:

So, what's the general feeling among those in Vancouver who have an ear to the ground?
Is this a good thing for the company or is it a step down the road to parceling off and sale of the various bits and pieces of the group?
Is it worth joining if they hire up or rather stay away?

Word on the street has it that the President of Global Operations and the CFO are gone!

Yeah... we ran something this week on that althouigh I have yet to see the detail .First Reserve now trying to find Canadian replacements to retain Canadian AOC ?

wikipedia CHC Helicopter - Wikipedia, the free encyclopedia has an interesting org chart...