In a bid to “further strengthen its market position and drive corporate growth,” local aviation software maker Mxi Technologies announced Tuesday it has tapped the former president of FedEx Canada to be its next chief executive.
Jon Slangerup, most recently the CEO of the Port of Long Beach in southern California and a member of Mxi’s board of directors since 2014, is replacing former chief executive Bill Cavitt.
An aviation, technology and logistics executive for the past 35 years, Mr. Slangerup has served as a CEO or director at a number of public and private companies in Canada and the United States.
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He worked at FedEx from 1980-2000, eventually becoming president of the multinational shipping giant’s Canadian arm and helping build FedEx Canada into a billion-dollar enterprise.
In a statement, Mr. Slangerup said Mxi has “a strong track record of operational excellence and market leadership.”
A graduate of Florida’s Embry-Riddle Aeronautical University who specialized in aircraft operations and maintenence, he will also become chairman of the company’s board of directors.
“With such great prospects and opportunities ahead of us, supported by an experienced senior leadership team, I look forward to working with the team to deliver exceptional value, innovative solutions and a long-term product vision to our customers and community stakeholders,” Mr. Slangerup said.
The veteran executive succeeds Mr. Cavitt, who served as Mxi’s president and CEO since 2014. Company spokesman David DeRosa told OBJ Mr. Cavitt was “simply moving on to other opportunities.”
Mr. Cavitt was instrumental in strengthening Mxi’s position as one of the world’s leading aviation maintenance software companies, boosting its customer list with the addition of major U.S. carriers such as Southwest Airlines and overseeing the opening of its new head office in Kanata last fall as well as its new U.S. headquarters in Irving, Texas, earlier this year.
Founded in 1996, Mxi Technologies produces software that helps airlines maintain equipment ranging from engines to in-flight entertainment systems.
The company, which employs 245 people at its Kanata office and about 10 in the United States, said it is poised to exceed its profitability and revenue targets for 2016.
“With (Tuesday)’s announcement, we are confident that Jon Slangerup’s proven executive experience will position Mxi favourably for continuous growth and success well into the future,” James Johnston, a partner at Mxi’s New York-based owners NexPhase Capital, said in a statement.
“The board welcomes Jon to the leadership team and is grateful for Bill’s contributions as CEO and president.”