AAR Appoints New Leadership Team for Airlift
December 22, 2016
AAR today appointed Donald J. Wetekam to serve as Chairman of AAR Airlift and Jeffrey Wehrenberg to serve as Interim President of AAR Airlift. Both will report to John M. Holmes. Former Airlift President Steven B. Harrison will be leaving AAR Airlift to pursue other interests.
Don joined AAR in 2007 and currently serves as Vice President of Government and Defense Business Development, Aviation Services. Prior to joining AAR, Wetekam served 34 years in the U.S. Air Force, retiring as a Lieutenant General after his final assignment as Deputy Chief of Staff for Installations and Logistics in Washington, D.C.
Jeff has served as Chief Operating Officer of Airlift since 2012. Prior to joining AAR, he gained extensive management experience with multiple airlines serving the domestic commuter market, US DOD, and allied forces worldwide, including his role as COO, North American Airlines, which operated on behalf of the U.S. Transportation Command.
As planned, Brooks L. Bash will serve as Program Director for the Worldwide Aviation Support Services (WASS) Program contract within the International Narcotics and Law Enforcement Office of Aviation (INL/A), recently awarded to Airlift by the U.S. Department of State. He will report to John. Brooks joined AAR in 2015 after a 34-year career with the U.S. Air Force, most recently serving as Vice Commander, Air Mobility Command, and retired as a three-star general.
"We have assembled a very strong team to lead Airlift. Having led Aviation Services through a period of strong growth, John will be applying his successful approach as he takes on the additional oversight of Airlift. Don’s stature and tenure in the DoD make him highly qualified to assess the government’s aviation needs and how AAR can best serve them, and Jeff’s operational experience will insure that everything is well executed,” said David P. Storch, Chairman, President and Chief Executive Officer of AAR. “We are also grateful to Steve for his service to the Company and wish him the best in his future endeavors.”
AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR’s Aviation Services include Parts Supply; OEM Solutions; Integrated Solutions; and Maintenance, Repair and Overhaul (MRO) Services. AAR’s Expeditionary Services include Mobility Systems operations. Additional information can be found at www.aarcorp.com.
Media contact: Daniela Pietsch, Vice President Corporate Marketing & Communications, at firstname.lastname@example.org 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, including, but not limited to,statements regarding the agreement to establish The Module Factory,AAR’s estimate that it will manage the teardown, repair, marketing and sales of spare parts of FTAI’s CFM56 engine pool totaling over 200 engines and growing, AAR’s ability to leverage its extensive USM capabilities to offer CFM56 serviceable engine material to the global commercial aviation aftermarket, that the partnership positions AAR well to service the growing demand for USM on a leading engine platform as customers increasingly prioritize more cost-efficient solutions, and the belief that serviceable engine products, combined with FTAI’s proprietary products and partnerships, completes its unique suite of CFM56 aftermarket offerings aimed at delivering the lowest cost per cycle solution to airline customers. Forward-looking statements may also be identified because they contain words such as ‘‘anticipate,’’ ‘‘believe,’’ ‘‘continue,’’ ‘‘could,’’ ‘‘estimate,’’ ‘‘expect,’’ ‘‘intend,’’ ‘‘likely,’’ ‘‘may,’’ ‘‘might,’’ ‘‘plan,’’ ‘‘potential,’’ ‘‘predict,’’ ‘‘project,’’ ‘‘seek,’’ ‘‘should,’’ ‘‘target,’’ ‘‘will,’’ ‘‘would,’’ or similar expressions and the negatives of those terms. 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, 2016. 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.