Sanad Group, a wholly owned subsidiary of Abu Dhabi’s Mubadala Investment Company, has appointed Troy Lambeth as Group Chief Executive Officer (GCEO). He will continue to serve as CEO of Sanad Capital.

Mansoor Janahi has also been appointed as the Deputy Group CEO (DCEO), and will continue to serve as CEO of Sanad Aerotech and Sanad Powertech, which he has led since March 2018.

The new appointments follow the consolidation of Mubadala’s financing, leasing and aviation maintenance repairs and operation (MRO) businesses to create Sanad Group.

Lambeth and Janahi will together have overall responsibility for Sanad Aerotech, Sanad Powertech and Sanad Capital.

Badr Al Olama, Chairman of Sanad, and Executive Director of Aerospace at Mubadala said: “Troy and Mansoor have been instrumental to Sanad’s growth and development. As a group, the combined companies will complement each other to deliver a range of comprehensive services and solutions that meet the challenges of a challenging sector.

“With significant developments that are taking place through fourth industrial revolution technologies, we are seeing new business models that are driven by major customer expectations.

“This requires us to integrate our offering and capitalise on our combined past achievements to deliver high quality innovative solutions that creates value for customers.”

(Writing by Imogen Lillywhite; editing by Seban Scaria)

imogen.lillywhite@refinitiv.com

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