August 25, 2015
AAR Appoints Steven B. Harrison President of Airlift
Randy Martinez named Corporate Vice President of Strategy & Business Development
WOOD DALE, Illinois, August 25, 2015 – AAR (NYSE: AIR) announces that Steven B. Harrison has been appointed President of AAR Airlift, which is headquartered in Palm Bay, Fla., and has operations around the world. Harrison joined Airlift three years ago and, as Chief Commercial Officer, was instrumental in expanding Airlift’s capabilities and geographic presence.
AAR Airlift provides expeditionary airlift services in support of contingency operations worldwide, including passenger and cargo transport, aeromedical services, night vision operations, search and rescue (SAR), airdrop and other special mission services. Airlift’s fleet of fixed-wing and rotary-wing aircraft serves defense and government customers in Afghanistan, Africa, the Mediterranean, Indian Ocean and the Western Pacific.
"Steve has the right skill set to lead Airlift’s expansion," said Chief Operating Officer of Expeditionary Services Timothy J. Romenesko. "He will be responsible for continuing to ensure the highest levels of quality and safety throughout the operation, managing key customer and regulatory relationships, and driving operational and financial performance."
Prior to joining AAR, Harrison was President and CEO of National Airlines, following a distinguished career in the U.S. Air Force that included posts as Commander of the 89th Airlift Wing (Air Force One) and deputy director of operational logistics at the Pentagon. Harrison holds a bachelor’s degree in aeronautical engineering from the Air Force Academy and two master’s degrees from Oxford University, where he was a Rhodes Scholar.
Harrison replaces Randy Martinez, who has been appointed AAR’s Corporate Vice President of Strategy and Business Development, reporting to Chairman and CEO David P. Storch. Martinez joined AAR in 2009 after serving as CEO of World Air Holdings, Inc., and completing a distinguished 21-year career with the U.S. Air Force (colonel retired and command pilot), most recently serving as Principal Advisor to the Chief of Staff of NATO’s Strategic Planning Staff.
"Randy’s new role is a good fit for his extensive experience and relationships in both government and commercial markets," Storch said. "Randy did a superb job marshaling the Airlift business through its acquisition, subsequent surge, and the government drawdown in Afghanistan, and I know he will bring the same level of energy to his new position."
About AAR
AAR is a global aftermarket solutions company that employs more than 6,000 people in over 20 countries. Based in Wood Dale, Illinois, AAR supports commercial aviation and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR’s Aviation Services include inventory management; parts supply; OEM parts distribution; aircraft maintenance, repair and overhaul; engineering services and component repair. AAR’s Expeditionary Services include airlift operations; mobility systems; and command and control centers in support of military and humanitarian missions. More information can be found at www.aarcorp.com.
Media contact: Daniela Pietsch, Vice President Corporate Marketing & Communications, at editor@aarcorp.com or +1 630-227-5100.
This press release contains certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on beliefs of Company management, as well as assumptions and estimates based on information currently available to the Company, and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated, including those factors discussed under Item 1A, entitled “Risk Factors”, included in the Company’s Form 10-K for the fiscal year ended May 31, 2018. Should one or more of these risks or uncertainties materialize adversely, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described. These events and uncertainties are difficult or impossible to predict accurately and many are beyond the Company’s control. The Company assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. For additional information, see the comments included in AAR’s filings with the Securities and Exchange Commission.
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