Air Seychelles CEO On His Way Out

 
Mumbai: Jet Airways (India) Ltd is likely to name Air Seychelles chief executive Cramer Ball its next CEO, according to two people aware of the plan, after current chief Garry Kenneth Toomey stepped down Thursday barely seven months after he took charge of the airline.
 
Air Seychelles is a strategic partner of Etihad Airways PJSC, the national airline of the UAE that is buying a 24% stake in Jet Airways. Before joining Air Seychelles, Ball was regional general manager for Asia Pacific South and Australasia at Etihad, which holds 40% equity in Air Seychelles.
 
Jet, in a filing to BSE, said Toomey’s resignation was effective immediately, but didn’t give a reason for his stepping down. Ravishankar Gopalakrishnan, chief financial officer, will be the acting chief executive till the board appoints a new CEO, it said.
 
On 12 November, the Competition Commission of India cleared Etihad’s Rs.2,058 crore deal with Jet Airways, the first such investment since the government in September 2012 allowed foreign airlines to invest in Indian airlines. Jet received funds from Etihad last month.
 
“Jet Airways has completed the interviews for the CEO post. Ball is tipped as CEO. An announcement is expected shortly,” one of the two people cited above said. A second person confirmed the development. Both declined to be identified.
 
 A Jet Airways spokeswoman declined to comment on the development.
 
“This (Toomey’s resignation) was on expected lines,” a third person aware of the developments said, also requesting anonymity. “Toomey was not able to gel with the Jet Airways culture.”
 
Toomey declined to comment. Mint could not contact Ball for a confirmation.
 
“I think the change of the management can be linked to Etihad Airways wanting to control the airline while Jet’s Naresh Goyal (founder and chairman) wanting not to share information. Typically this happens a lot,” said Mark D. Martin, founder and chief executive at Martin Consulting Llc. “Etihad will want to have that over-interference whilst Jet will do everything possible to stop it.”
 
Toomey, 58, an Australian national, took charge of Jet in mid-June following the resignation of Nikos Kardassis, who left the airline after serving his second term as CEO from October 2009 to May 2013. He had earlier headed the airline between 1993 and 1999.
 
“Toomey’s departure would not have an impact on day-to-day operations as Jet Airways has a sound operational structure,” said K. Sudarshan, country head of London-based EMA Partners International Ltd, a global executive search firm.
 
Ball has previously held senior management positions at Gulf Air, Qantas Airways Ltd, Kendell Airlines, and Ansett Australia/Air New Zealand.
 
Shares of Jet Airways rose 0.22% to Rs.268.70 on BSE before Toomey’s resignation was announced. The exchange’s benchmark Sensex fell 0.11% to 21,265.18 points.
 
http://www.livemint.com/Companies/nMFIxDyqQF1938DHn55lFL/Jet-Airways-CEO-Garry-Kenneth-Toomey-steps-down.html

Comments

  1. Anonymous16 January 2014 at 22:30

    I see Kramer Ball alter-ego in the back ground.
    We wish him all the best in India.

    ReplyDelete
  2. Anonymous17 January 2014 at 01:00

    He can go, we still have David Savy who can step in anytime to fill the void.

    ReplyDelete
    Replies
    1. Anonymous17 January 2014 at 04:06

      What David Savy? Did you not your lesson? He is not even border line captain certify to fly a helicopter. We all know can smile for photo opt. and that's about it. Bawl can correct us if we are wrong on this. The bottom is he knows Seychelles Airways is coming and there will be no match! Period. Most of the staffs will join Sey.Airways.

      Delete
  3. Anonymous17 January 2014 at 01:33

    SInce Air Seychelles holds 60 percent in the sahre ,it is high time A Seychellois is named as CEO in Seychelles.Many Seychellois have high managerail qualfication and can do the job as well as,or if not even better than Foreigners.We donot need An Indain,Canadian,Afgan,Arbs to get the job done as if Seychellois are under qulaified,stupid,and doe not have the inllectula ability to done these jobs.Khalfia has 40 percent sahre it is high time that the majority shareholders has its says in decision making to and allow and stop dictation for Khalifia.It seems Khalfia thinks each time their is a change in postion,managememnt it must be an Arb,Indain,or foreigners.
    dito to PP.Moreveor,Thsoe stationed in Seychelles as CEO anyway does not take decision unilaterally and must follow strategies already put in palce thus for this you donot need necessary a foreigner to do .

    Jeanne D'Arc

    ReplyDelete
  4. Anonymous17 January 2014 at 01:40

    Gleeny Savy is fake manager ,he is rather a crook that has stolen m,illions from Air Seychelles coffer,which is part of the reasons whyAir Seychelles was in freefall.YOu must not think.Like PP,that when you ahve a certificate as a pilot it automatically make you a good mamanger,director of an airline.Management is a proffession of its own,which one has to learn.And not only learning but have then the talent,the brain and capacity to put what one has learnt into practice and beleive me it is totally two different things theory and pratical.You could have a degree in economy like Laporte but still take bad economic decision that could crumble an whole Nation economy.






    ReplyDelete
    Replies
    1. Anonymous17 January 2014 at 18:40

      The crumble you mentioned is already there, did you know why the salaries were doubled over night? well to compensate the double digits DECALUATION of the rupee!

      Delete
    2. Anonymous17 January 2014 at 18:42

      The crumble you mentioned is already here! Did you know why the salaries were doubled over night? well to compensate the double digits DEVALUATION of the rupee!

      Delete
  5. Anonymous17 January 2014 at 02:52

    Ball is being passed around to play the Arabs' airline game. No one is going to miss him in Seychelles, he can piss his balls in India who cares!
    Pray for the day when the world stops using oil and the Arabs go bust, they would be the most hated people on earth and there would be a lot of empty palaces on the mountain tops and yachts in the harbor.

    ReplyDelete
  6. Anonymous17 January 2014 at 08:48

    This is the family that rule this country Savys they are behind all the sell out also that is going in Seychelles ban mafia.Michel just,en ti zat following order from Savy families.Michel is just acting as president fes for seychellios by manupilate and a frund eclection ,Savy families that control Michel.

    ReplyDelete
    Replies
    1. Anonymous17 January 2014 at 17:10

      I do not know about controlling Michel, but he do control Rene. You see Rene knows that if he even try to stop Savy, the secret murder will come out. Now about Sarah Rene they say there was a time that he was sleeping with one of the Savy brothers.
      Sarah has made a reputation for herself in Australia. She withdraw all the share holders moneys and banked in God knows where. A law suit might be on the way. Hold on to your horse Sarah you are no match you fucking slut!

      Delete
    2. Anonymous17 January 2014 at 17:11

      Sarah is like a poky machine with a large slut, any monkey with money may fuck her.

      Delete
  7. Anonymous18 January 2014 at 04:10

    PARTILEPE STOP FOREIGN CELEBRATION IN OUR CHRISTAIN LAND--SEYCHELLOIS ARE NOT HINDU OR MAOIST.iNDAIN EXPATS SHOULD STOP CELEBRATING INDIAN RELIGIOUS FEAST IN OUR LAND BUT THEIR HOMELAND.

    mAURITUIS CELEBRATE HINDU CELEBRATION BECUASE HINDU RELIGION IS THE BIGGEST RELIGION IN MAURITIUS.

    ReplyDelete
  8. Anonymous18 January 2014 at 04:11

    You means she is a prostitute like RAm.

    ReplyDelete
  9. Anonymous18 January 2014 at 04:15

    Sarah benefit from the milliom FAR hasc stolen,though FAR committed adultry she did not react for the millions of tqax payers money stolen by Far and given to her was much more important than FAR adultry.Look at Francis he never worked in his short little life but he owes a five star hotel and in a National reserve.Gleeny has made our >Outter islands for himself and pocketing millions in illegal deals,David robbed Air Seychelles dry,

    ReplyDelete
  10. Anonymous19 January 2014 at 05:42

    Ces trois frères ont suivi les pas de leur beaupere Ce n'est pas leur faut,leur veritable pere disparait dans une petit avion bien longtemp entre mahe et praslin. Mais alors reflechir bien avant de parler.

    ReplyDelete
  11. Anonymous19 January 2014 at 09:49

    Mais qui est responsable pour l'accident de cette petite avion entre Mahe et Praslin? le beaupere?

    ReplyDelete
    Replies
    1. Anonymous21 January 2014 at 04:19

      Cher blogger ki aze:
      Es ke zot kapab rakont nou enpe sa zafer akcidan mahe pou pralen?
      Mon te ne an 1986 e zamen mon dande sa mwan.
      Mon ti kwar sa i en rimer.
      Alor si i annan lafimen i bezwen anan dife.

      Delete
    2. Anonymous23 January 2014 at 13:59

      I think this was not not true but he did take a cow from someone after he was given a chicken days before.

      Delete
  12. Anonymous19 January 2014 at 21:34

    Seychelles= Republic of Savy! (underPL).

    ReplyDelete

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