Signature Aviation has appointed Mike Eshoo as its new chief financial officer, effective from August 23rd.

Eshoo joins from General Electric, where he spent a total of 20 years. He most recently held the roles of senior vice president and chief financial officer (CFO) of GE Gas Power Systems, a $13bn segment of the business operating in more than 150 countries. Before that, Eshoo spent three years at GE Aviation, working up from enterprise risk management leader to global financial planning and analysis leader.

He takes over the role from Shawn Fallon, who joined Signature in 2009 and became CFO in January 2019.

“Mike has a wealth of experience across a variety of business segments and roles and has successfully led teams during times of change,” said Tony Lefebvre, CEO, Signature Aviation. “As we continue to evolve and transform our business to meet the demands of the future, we are thrilled to have Mike join the leadership team at what is a truly pivotal time for our company.”

Eshoo said he is joining at an “exciting time for the industry and for Signature”. He said: “I look forward to supporting Tony and the team as they continue to lead the industry by driving continued growth and innovation and delivering exceptional customer experiences.”

Last month, Signature Aviation announced its acquisition of The Arnold Companies (TAC) Air division, bringing 14 TAC Air locations to the Signature network. Full integration is anticipated by the end of 2022. The company has been expanding in recent years, having also bought Vail Valley Jet Centre (VVJC) FBO in Colorado at the end of last year. According to its most recent annual report for 2019, the group made $2.3bn in revenue, up from $2.3bn the previous year, and pre-tax profit of $177.2m.