Wed | Oct 18, 2017

Digicel head to join aviation financing firm

Published:Wednesday | September 20, 2017 | 12:00 AMSteven Jackson
In this September 13, 2016 file photo, Digicel Jamaica CEO David Butler unveils a welcoming sign for Chief Speed Officer Usain Bolt on his first day on the job. Butler is leaving Digicel on September 30 and will take up a new job the next day in Ireland.

David Butler, the outgoing chief executive officer at telecom Digicel Jamaica, will take up an executive position at an aviation financing group in Ireland.

He joins Stellwagen Group on October 1.

Butler announced his resignation from Digicel Jamaica earlier this month, effective September 30. His successor is yet to be announced.

Stellwagen provides financial solutions for the aviation industry, including asset management, technical management and fleet and capital financing solutions. Butler will join as the group's chief operating officer, while concurrently Scott Corman will join subsidiary Stellwagen Capital Limited as chief executive officer, according to Stellwagen.

Stellwagen's founder and chief executive officer Douglas Brennan said the company is assigning Corman new leadership responsibilities and bringing Butler into the company "at a time when the aviation sector's demand for innovative financing solutions continues to increase alongside institutional investors' appetite for alternative investments".

The men will key roles in accelerating our integration of the aviation advisory and asset management business" acquired from ECN Capital, Brennan said.

Butler spent more than a decade with Digicel Group which culminated in his appointments as CEO for the telecom's Jamaica, Panama and Fiji businesses.

business@gleanerjm.com