Stellwagen has appointed David Butler as its new group CEO, replacing Doug Brennan, who founded the company.
Brennan will become executive chairman of Stellwagen Group.
These appointments take place with immediate effect. Scott Corman and Eugene O’Reilly will continue as the CEOs of Stellwagen’s two operating divisions, Stellwagen Capital and Seraph Aviation.
Butler has served as chief operating officer of Stellwagen Group since October 2017. Before, he served in a number of executive roles with mobile phone network provider Digicel for over a decade.
Progressing into the role of executive chairman, Brennan will continue to work closely with the board and management team on the strategic direction of the company. He founded Aviation Finance Corporation, now Stellwagen Finance, in 2013. He has guided the expansion of the group through the acquisition of Seraph Aviation and the founding of Stellwagen Capital, and Stellwagen Technology. He previously served as CEO of Ledyard Capital Management, a shipping investment company, and as CEO of Illington Fund Management.