WOOD DALE, Ill., March 17, 2020 /PRNewswire/
-- AAR (NYSE: AIR) announced today that H.
John Gilbertson, Jr., retired
Managing Director of Goldman Sachs Group Inc., has been elected to
the Company's Board of Directors, effective immediately. The
addition of Mr. Gilbertson increases the size of the Board from 11
to 12 directors.
"We are very pleased to welcome John to our Board of Directors
and look forward to his contributions," said John M. Holmes,
President and Chief Executive Officer of AAR. "John's extensive
expertise in corporate finance, capital markets, advisory and
mergers and acquisitions will bring valuable perspectives to our
Board as we focus on driving profitable growth and enhancing
shareholder value."
Mr. Gilbertson, 63, served as a strategic and financial advisor
to clients of Goldman Sachs for 27 years as a Managing Director and
as Partner-in-Charge of investment banking services for the Midwest
Region. Before joining the firm in 1987, he held roles at Morgan
Stanley, Bain & Company and Chase Manhattan Bank. He
serves on the Board of Directors of Dover Corporation, a
publicly traded company, and Meijer Inc., a privately held
company.
About AAR
AAR is a global aerospace and defense
aftermarket solutions company that employs more than 6,000 people
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 and Composite
Manufacturing operations. Additional 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, 2019. 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