Sanad Group, part of the Mubadala Investment Company, has appointed a new CEO and deputy CEO to help deliver on its ambitions and make it into an “aviation services powerhouse”.
Troy Lambeth has been appointed as group CEO (GCEO) and will continue to serve as CEO of Sanad Capital, while Mansoor Janahi has been appointed as deputy group CEO (DCEO) and will continue to serve as CEO of Sanad Aerotech and Sanad Powertech, which he has led since March 2018.
Sanad Group was formed last November after Mubadala merged three of its units and now offers financing, leasing and maintenance services to the aerospace, energy and industrial sectors.
“Troy and Mansoor have been instrumental to Sanad’s growth and development,” said Badr Al Olama, chairman of Sanad and executive director of Aerospace at Mubadala.
“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 capitalize on our combined past achievements to deliver high quality innovative solutions that creates value for customers.”
The company is focusing on adopting new technologies such as Artificial Intelligence (AI), automation and big data to bring transformative change to the aerospace and aviation sector.
Recently, Sanad secured a AED 23.8 billion (USD 6.5 billion) engine maintenance agreement with Rolls Royce for Sanad Aerotech. It also delivered the final tranche of a AED 1 billion (USD 280 million) engine leasing deal with Etihad Airways through Sanad Capital.