Richard Santulli is stepping down from the company he created 25 years ago out of the formerExecutive Jet Aviation, according to a company press release.
NetJets is owned by billionaire Warren Buffett's Berkshire Hathaway investment company, andSantulli personally told Buffett of his decision to resign, the company said.
The reason given for Santulli's departure was a desire to spend more time with his family andpursue other interests.
NetJets, which sells fractional ownership of private jets to businesses and individuals, has itsoperational headquarters at Port Columbus. Last year the company announced plans to launch a $200million expansion in central Ohio and add 800 jobs.
Santulli had been considered a possible successor to the 78-year-old Buffett to run BerkshireHathaway.
Buffett named another longtime Berkshire Hathaway associate and rumored possible successor,David Sokol, as NetJets' interim CEO.
Santulli will remain a consultant with the company for the next year.
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