WOOD DALE, Ill., April 18, 2017 /PRNewswire/ -- AAR (NYSE:
AIR) today announced that John M.
Holmes was elected to President and Chief Operating Officer,
AAR Corp., effective June 1,
2017. AAR's Board of Directors also approved Holmes
appointment to the Board, effective at its July 11, 2017 Board meeting. Holmes will
continue to report to David P.
Storch, AAR's Chairman and Chief Executive Officer.
"I am very excited about John's promotion to President and COO
of AAR reflecting his hard work, dedication to excellence, and many
contributions to the Company's success," said Storch. "I look
forward to working closely with John, positioning the Company for
growth into the future."
Holmes joined AAR in 2001 as Director of Mergers and
Acquisitions, became General Manager of AAR's parts trading
business in 2003, and progressively assumed responsibility for the
other solutions that comprise Aviation Services – Integrated Supply
Chain, OEM Aftermarket Solutions, Intelligent Solutions and MRO
Services. In addition to his previous role as Aviation Services
COO, John was recently appointed to oversee Airlift's leadership
team. Holmes earned a bachelor's degree in finance from
the University of Illinois and an MBA
from the University of Chicago.
"During his tenure at AAR, John has exhibited strong leadership
skills, the vision to identify new markets for growth, and put in
place a strong team to build on AAR's culture of innovation and
execution," said Storch. "I've had the opportunity to work closely
with John for the last 16 years and have been impressed with his
ability to identify market niches and build on our strategy to
deliver comprehensive solutions to our commercial and government
customers worldwide."
About AAR
AAR is a global aftermarket solutions
company that employs more than 5,000 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;
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.
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, 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.
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SOURCE AAR