AAR Elects Robert F. Leduc to its Board of Directors
July 14 2020 - 8:40AM
AAR (NYSE: AIR) announced today that Robert F. Leduc, retired
President of Pratt & Whitney, has been elected to the Company's
Board of Directors, effective immediately. The addition of Mr.
Leduc increases the size of the Board from 12 to 13
directors.
"Bob brings significant industry and leadership experience as
well as a deep knowledge of the aviation market from his time at
United Technologies," said John M. Holmes, President and Chief
Executive Officer of AAR. "We are very pleased to welcome Bob to
our Board of Directors and look forward to his contributions.”
Mr. Leduc, 64, recently retired as president of Pratt &
Whitney, a role he held since January 2016. Previously he served in
a number of senior executive roles for more than 38 years at United
Technologies Corporation, including president of Sikorsky Aircraft.
He began his career in aerospace engineering at Pratt &
Whitney, holding roles of increasing leadership responsibility in
program management, strategy and customer support before being
named Senior Vice President, Engine Programs & Customer Support
in 1995. In 2000, he was appointed President of Large Commercial
Engines and Chief Operating Officer. He is a member of the board of
the Connecticut Science Center, and he established the Robert and
Jeanne Leduc Center for Civic Engagement at the University of
Massachusetts Dartmouth. He earned a B.S. degree in mechanical
engineering from Southeastern Massachusetts University
(now UMass Dartmouth) and an honorary doctorate in business from
the University of Massachusetts.
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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. 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,
including the estimated contract value. Forward-looking statements
may also be identified because they contain words such as
‘‘anticipate,’’ ‘‘believe,’’ ‘‘continue,’’ ‘‘could,’’ ‘‘estimate,’’
‘‘expect,’’ ‘‘intend,’’ ‘‘likely,’’ ‘‘may,’’ ‘‘might,’’ ‘‘plan,’’
‘‘potential,’’ ‘‘predict,’’ ‘‘project,’’ ‘‘seek,’’ ‘‘should,’’
‘‘target,’’ ‘‘will,’’ ‘‘would,’’ or similar expressions and the
negatives of those terms. 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 and the Company’s Form 10-Q for
the fiscal quarter ended February 29, 2020. 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. |
Daniela Pietsch
AAR Corp
+1 620 227 5100
editor@aarcorp.com
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