WOOD DALE, Ill., March 20, 2024 /PRNewswire/ -- AAR CORP. (NYSE:
AIR), a leading provider of aviation services to commercial and
government operators, MROs, and OEMs, announced today that
Jeffrey N. Edwards has been elected
to AAR's Board of Directors, effective immediately. This
appointment increases AAR's Board from 11 to 12 Director
positions.
Mr. Edwards, 63, brings more than 40 years of experience in the
financial services sector. As Partner and Vice Chairman of New
Vernon Capital, Mr. Edwards prioritizes the firm's clients,
focusing on investment portfolios, operations, and business
development.
Prior to New Vernon Capital, Mr. Edwards spent over 20 years
with Merrill Lynch, serving in various leadership positions,
including Chief Financial Officer.
His other current board positions include Lead Independent
Director for Raymond James Financial, Inc. and Chair of the Audit,
Finance, and Risk Committee for American Water Works Company, Inc.,
both S&P 500 companies.
"Mr. Edwards brings significant financial experience to our
Board and will play an integral role in helping execute our growth
strategy and deliver further value to our shareholders," said
John M. Holmes, AAR's Chairman,
President and CEO.
"Financial expertise and prudence are central to a company's
long-term success. I am impressed by AAR's exceptional leadership
team and strong financials and am committed to supporting the
continued advancement of the Company's growth strategy," said Mr.
Edwards.
For more information on AAR, visit aarcorp.com.
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 four
operating segments: Parts Supply, Repair & Engineering,
Integrated Solutions, and Expeditionary Services. Additional
information can be found at 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, which reflect management's expectations about future
conditions, including advancing the Company's growth strategy and
delivering further value to shareholders. 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. For a discussion of these
and other risks and uncertainties, refer to "Risk Factors" in our
most recent Annual Report on Form 10-K and subsequent Quarterly
Reports on Form 10-Q. 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.
|
Contact:
Media Team
Corporate Marketing and Communications
+1-630-227-5100
Editor@aarcorp.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/aar-elects-jeffrey-n-edwards-to-its-board-of-directors-302095104.html
SOURCE AAR CORP.