John M. Holmes Named Chairman of the Board of Directors of AAR CORP.
Wood Dale, Illinois – AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, today announced that John M. Holmes, President and Chief Executive Officer of AAR has been named Chairman of the Board of Directors following the retirement of David P. Storch, the Company’s Chairman for 18 years. Holmes will continue as President and Chief Executive Officer of the Company.
Holmes joined AAR in 2001 as Director of Mergers and Acquisitions. In 2003, Holmes moved into operations, becoming General Manager of AAR’s Parts Supply business and progressively assuming responsibility of other businesses before being appointed as President and Chief Operating Officer in 2017. In 2018, he was named President and Chief Executive Officer of AAR, the third since the company’s founding in 1955.
Under Holmes’s leadership, AAR has achieved substantial growth in sales and profitability, while successfully navigating the Company through the COVID-19 pandemic. As Chairman, Holmes will focus on strategies to drive continued growth while maintaining the Company’s strong culture and core values.
Storch, the second of the Company’s only three CEOs, has served as a member of the Board since 1989 and as Chairman of the Board of AAR since 2005. He retired as Chief Executive Officer in 2018. Under Storch’s leadership, the Company grew to the leading independent provider of aviation services globally. Mr. Storch instilled a culture of integrity, quality, innovation, execution, customer focus, and entrepreneurship. These core values serve as a lasting foundation for the continued success and growth of AAR.
About AAR
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. Additional information can be found at aarcorp.com.
Contact
Dylan Wolin
Vice President, Strategic & Corporate Development and Treasurer
+1-630-227-2017
dylan.wolin@aarcorp.com
Related news
See allApril 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).
April 09, 2024
AAR awarded Supplier of the Year by Atlas Air Worldwide
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, was awarded the 2023 Component Repair Supplier of the Year – Large Volume Category by Atlas Air Worldwide (Atlas Air).
April 05, 2024
AAR breaks ground on MRO facility expansion in Oklahoma City
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, broke ground on the expansion of its maintenance, repair, and overhaul facility in Oklahoma City earlier today.