AOG Investors OPS Portal PAARTSSM Store
X Facebook Instagram Linkedin YouTube Threads

Press release

April 18, 2017

AAR CFO Timothy J. Romenesko Announces Plans to Retire After 36 Years of Service

WOOD DALE, Illinois, April 18, 2017 - Long-time Chief Financial Officer and Vice Chairman of AAR Corp. (NYSE: AIR), Timothy J. Romenesko, announced that he will retire effective December 31, 2017.

“We are grateful to Tim for his 36 years of service and the key role in helping AAR become the industry leader we are today,” said David P. Storch, Chairman, President and CEO of AAR. “I have enjoyed working side-by-side with Tim over the span of his career. He has been a great business partner, lending a steady hand to AAR’s finances and accounting and playing an integral role in AAR being recognized by Forbes magazine twice as one of the Most Trustworthy Companies in America. Tim has built a solid financial organization and will leave a strong legacy of compliance, accountability and Doing It Right. We wish him well in his retirement and know he will be missed.”

Romenesko joined AAR in 1981 and performed various financial roles for several AAR operating units before being named Corporate Controller in 1991 and serving as CFO and Treasurer from 1994 to 2006. From 2007 to 2015, he was AAR’s President and Chief Operating Officer.  Before returning to the role of CFO in 2016, Romenesko was Vice Chairman and Chief Operating Officer of the Expeditionary Services segment.

AAR is commencing a search for a new CFO to replace Romenesko.

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.

Related news

See all SeeAll
AAR Doing It Right logo

Press release

May 23, 2024

AAR to participate in the Stifel Cross Sector Insight Conference on June 5, 2024

Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, will participate in Stifel’s 2024 Cross Sector Insight Conference.

AAR Doing It Right logo

Press release

May 02, 2024

AAR to participate in the Bank of America Transportation, Airlines and Industrials Conference on May 16, 2024

Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, will participate in Bank of America’s 2024 Transportation, Airlines and Industrials Conference.

AAR Doing It Right logo

Press release

April 11, 2024

AAR signs extension and expansion of V2500 engine component distribution agreement with Sumitomo Precision Products

Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed an extension and expansion of its V2500 engine component distribution agreement with Sumitomo Precision Products Co., Ltd. (SPP).

AOG Investors OPS Portal PAARTSSM Store
logo

Our products

Airframe parts Engine solutions Distribution Mobility Systems AOG Contact nowContact
logo

Our services

Repair & Engineering

Airframe MRO Landing Gear Overhaul Component Services Wheels and Brakes Engineering Services

Integrated Solutions

Flight-hour support Consumables and Expendables Airinmar® Trax(SM)

Additional services

Sourcing, purchasing, and remarketing ASTRO Government contract vehicles
logo

About

Our CompanyOur Company

Locations Certifications Digital innovation

Doing It Right®Doing It Right®

Environmental, social, and governance Ethics and compliance

LeadershipLeadership

logo

Careers

US job openings Amsterdam job openings Thailand job openings Trois Rivières - Canada job openings United Kingdom job openings Windsor - Canada job openings
Employee experience Diversity, equity, and inclusion Military veterans EAGLE Pathway Program
logo

Newsroom

News Media resources
2023 Annual Report 2023 ESG Summary Report