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Cargojet Announces Leadership Transition as CEO assumes Role of Executive Chairman
Cargojet Announces Leadership Transition as CEO assumes Role of Executive Chairman Cana...
About this update from Cargojet Inc.
[{"type":"text","content":"\n \n \n \n Cargojet Announces Leadership Transition as CEO assumes Role of Executive Chairman\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n MISSISSAUGA, ON\n \n \n ,\n \n \n Nov. 13, 2023\n \n \n /CNW/ - Cargojet Inc. (\"Cargojet\" or the \"Corporation\") (TSX: CJT) Board of Directors is pleased to announce a significant leadership transition. After launching Cargojet 22 years ago as Founder and Chief Executive Officer, Dr.\n \n Ajay Virmani\n \n will be stepping into the role of Executive Chairman effective\n \n January 1, 2024\n \n and the Corporation has announced leadership appointments in a separate announcement. This strategic move reflects Dr. Virmani's dedication to the company's long-term success and the need to ensure a seamless transition in the leadership.\n \n \n Dr.\n \n Ajay Virmani\n \n , who has served as the CEO since its inception in 2001, along with the team he built, has been instrumental in Cargojet's remarkable journey from a start-up to\n \n Canada's\n \n #1 cargo airline. Just last week Dr. Virmani was appointed to the Order of\n \n Ontario\n \n .  The Globe and Mail honored Dr. Virmani as the CEO-Strategist of the year in 2020. In 2004, Dr. Virmani was awarded the \"Entrepreneur of the Year award\" by Ernst & Young. Recognizing his entrepreneurial and philanthropic contribution to\n \n Canada\n \n , he was inducted into\n \n Canada's\n \n Walk of Fame with his own star in 2021. Cargojet and its leadership has also been recognized as the 50 Best Managed Companies by Deloitte's and has been a consistent winner of\n \n Canada's\n \n Best Cargo Airline award 21 years running.\n \n \n Under Dr. Virmani's visionary and entrepreneurial leadership, the company operates a fleet of over 40 Aircraft and consistently posted remarkable financial results. Cargojet has grown its revenues at 16% and EBITDA at 20% compound annual rate over the past 20 years. The world's top courier brands, integrators, freight forwarders and E-Commerce platforms have partnered with Cargojet to fulfil their middle-m...