AAR Names Peter K. Chapman Chief Commercial Officer
WOOD DALE, Ill., /PRNewswire-FirstCall/ -- AAR CORP. (NYSE: AIR) today announced that Peter K. Chapman has been named Chief Commercial Officer of the Company. In this expanded role, Chapman will be responsible for leading AAR's commercial marketing strategy and expansion into new markets.
"Peter is an exceptional leader with tremendous energy and a global industry perspective," said David P. Storch, Chairman, President and Chief Executive Officer of AAR CORP. "As AAR's Chief Commercial Officer, we look to Peter to advance the Company's standing in our markets."
Chapman joined AAR in 1997 as Vice President of Marketing and Business Development. Prior to joining the Company, he served as President and CEO of Young Brothers Development Co., Ltd., a diverse holding company in Hong Kong; as President of Douglas Aircraft - China and as President and CEO of Dalfort Aviation. Previously, he held various senior leadership positions at United Technologies, which included President and CEO, United Technologies International; Executive Vice President, Pratt & Whitney Commercial engines and Vice President, International Programs, Sikorsky Aircraft.
AAR is a leading provider of products and value-added services to the worldwide aviation/aerospace industry. With facilities and sales locations around the world, AAR uses its close-to-the-customer business model to serve airline and defense customers through four operating segments: Aviation Supply Chain; Maintenance, Repair and Overhaul; Structures and Systems and Aircraft Sales and Leasing. More information can be found at http://www.aarcorp.com.
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 May 31, 2006 Form 10-K. 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 publicly release the result of any revisions that may be made to 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.
SOURCE: AAR CORP.
Director of Corporate Communications of AAR CORP.
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