NetJets Founder stepping down from Company

Aug 5, 2009 

In a startling development, Richard T. Santulli, the Wall Street mathematician who created and then oversaw the development of NetJets Inc. into the largest operator of business jets in the world, is resigning as chairman and CEO of the Berkshire Hathaway-owned company, effective immediately.

"After 25 years of working with the most talented group of people I could ever have imagined, who helped build the premiere aviation company in the world, I have decided to step down as Chairman and CEO of NetJets immediately, in order to spend some more time with my young family and pursue other interests," he said yesterday. His statement continued, "I will remain on with NetJets as a consultant for at least the next 12 months, in order to assist NetJets in this transition."

READ MORE:      Aviation Week

Photo Credit: NetJets, Inc.