Sanad Appoints New Group CEO to Lead Next Phase of Diverse Growth

Sanad, a wholly owned subsidiary of Mubadala Investment Company (Mubadala) has appointed Mansoor Janahi, currently Deputy Group CEO of Sanad, as the new Group CEO to lead the growth stage under the new strategy. He will assume his position with effect from February 1, 2022.

The strategy and leadership announcements follow the launch of ‘Operation 300bn’ last year, which aims to more than double the industrial sector contribution to GDP in the UAE to AED300 billion by 2031.

Under its new industrial services strategy, Sanad will contribute to the economic diversification agenda and help position the UAE as a global industrial hub. Its future offering will be focused on providing technology-driven and integrated industrial services.

Badr Al-Olama, the Executive Director of UAE Clusters at Mubadala and Chairman of Sanad, said: “Sanad stands on the cusp of a major transformation underpinned by the Fourth Industrial Revolution.

"Building on our track record of more than three decades of experience in the commercial aviation sector, Sanad is ready to take the next step forward and become the source-to-go, one-stop shop for the broader industrial services sector.

"Mansoor’s knowledge and wealth of experience will be invaluable in this decisive phase for the company as it builds on its strong performance to provide innovative solutions to support the growth of Sanad over the next decade.

Sanad Aerotech Signs $272 Million MRO Deal with Pratt & Whitney, IAE

"This is also in line with UAE Investments strategy to accelerate the diversification of the UAE’s economy and grow our national champions in multiple sectors.”

Commenting on his appointment, Janahi said: “The UAE has an amazing track record of industrialization to build on, and a strong footprint in industrial services. These capabilities and prominent market presence have been developed in record time.

"If we look at the aerospace industry, and Sanad specifically, we have managed to create a truly homegrown success story and a globally recognized industry leader.

"In line with its new strategy, Sanad will continue leveraging synergies with international partners, we will develop new and innovative service concepts that combine both our industrial and financial knowledge.”

The current Group CEO Troy Lambeth will be supporting a number of strategic initiatives both within the Sanad Group as well as in support of Mubadala’s UAE Investments platform.

Speaking on the transition, Al Olama added: “On behalf of Mubadala and Sanad, I would like to thank Troy for his dedicated leadership. He has been a key driver to Sanad’s growth since its launch."

Lambeth on his transition said: “I want to extend my deepest gratitude and appreciation to Badr and the Mubadala leadership team for the opportunity to lead Sanad’s growth and our world class team for the past 12 years.

I am incredibly proud of what we have accomplished together as a team during this time and think Sanad is a great example of what can be accomplished in close partnership with Mubadala’s extensive and talented team.”

Janahi began his career with Mubadala in 2008. He first joined Sanad Aerotech as Deputy CEO in 2017 and has since moved to become its CEO for Sanad Aerotech and Sanad Powertech and Deputy CEO for Sanad Group.

Under his leadership, Sanad Aerotech signed multiple agreements valued at over $7 billion with major original equipment manufacturers (OEMs) and global airlines. He was also instrumental in Sanad’s expansion to new markets including Eastern Europe, South America and Asia.

Janahi will succeed Lambeth, who was appointed to serve as the CEO of Sanad Capital (formerly known as Sanad Aero Solutions) since its launch in 2009. Under his leadership, the company grew quickly to over $1 billion in spare engine and components supporting airlines and industry service providers globally.

Read More: Sanad Expands $900 Million Partnership with Etihad Airways