Washecka, McGinn leave Waypoint, Yazhari joins as CEO

Alasdair Whyte
By Alasdair Whyte January 30, 2018 15:55

Washecka, McGinn leave Waypoint, Yazhari joins as CEO

Waypoint Leasing, one of the largest helicopter lessors, has changed its management team.

Ed Washecka, the company’s founder and CEO, has left the company and been replaced by Hooman Yazhari who joins from CHC Helicopters. Yazhari was general counsel and chief administrative officer at CHC.

Waypoint’s three investors – Quantum Strategic Partners (a George Soros fund), MSD Capital (the family office of Michael Dell) and private equity firm Cartesian Capital Group – made the changes.

Washecka launched Waypoint Leasing in 2013 having been CEO of Era Helicopters. He sourced capital and built the leasing company’s team.

“Ed was one of the founders of the Waypoint business and was instrumental in growing it through its start-up phase into the industry leader it has become,” said the shareholders in a statement.

Alan Jenkins has been promoted to president adding to his roles of COO and CFO.

““On behalf of the management team, I would like to welcome Hooman to Waypoint and look forward to our Company benefitting from his experience growing and leading large and complex organizations,” said Jenkins.

Clark McGinn, SVP, sales and relationship management, has also left the company. Allan Rowe, has been promoted to head of sales and relationship management. Rowe was head of commercial. McGinn joined Waypoint from CHC Leasing having also been a leading helicopter financier at Royal Bank of Scotland.

Yazhari was senior vice president and general counsel at commercial aircraft lessor International Lease Finance Corporation.

“Hooman brings a wealth of operational, financial, and managerial experience, having overseen dramatic transformations at some of the world’s leading aircraft operators and lessors,” said Waypoint’s shareholders. We continue to be energized by the Waypoint team, the business and its future prospects, and we remain fully supportive of the Company through this next important chapter of its development.”

Yazhari said, “Having worked closely with Waypoint for years as a customer, I have long admired its unique value proposition and the dedication and commitment of its employees. With recent market displacements, I see a range of opportunities for Waypoint to continue building its global platform, creating new and exciting opportunities for employees and customers across our network.”

The changes formerly take place on February 5.

Alasdair Whyte
By Alasdair Whyte January 30, 2018 15:55

Newsletter sign-up

 

The latest video from Helicopter Investor

Follow us on Twitter