AAR CORP. Names New Treasurer
March 31, 2016
WOOD DALE, Ill., March 31, 2016 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of services to commercial aviation and government customers worldwide, today announced that Jason B. Secore has joined the Company as Treasurer, reporting to Michael J. Sharp, Chief Financial Officer. As Treasurer, Secore will be responsible for leading the Company's treasury strategy, including global treasury operations, corporate finance and banking relationships, cash forecasting and investment management activities.
Prior to joining AAR, Secore served as Vice President, Finance and Corporate Treasurer at Republic Airways Holdings, a regional airline with a combined fleet of 250 aircraft operating 1,300 flights daily for American Eagle, Delta Connection and United Express. Earlier in his career, Secore held management positions in Finance, Treasury and Revenue Management at Frontier Airlines and US Airways. He has an undergraduate degree in International Studies from Northwestern University, a Master of Science, Agricultural and Resource Economics from University of California, Davis, and a Master of Business Administration from IE Business School in Madrid, Spain.
"I am very pleased to welcome Jason to AAR's executive team," said Sharp. "He brings extensive treasury expertise to the Company and his airline experience will be invaluable in his new role and as we execute the Company's growth plans."
Mr. Secore joins AAR effective March 31, 2016.
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 email@example.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, 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, 2015. 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.