Spirit AeroSystems Holdings, Inc. (NYSE: SPR) today announced
that William A. Fitzgerald and Patrick M. Shanahan have been named
to the company’s Board of Directors, effective November 12.
Fitzgerald will serve on the Audit Committee and the Governance and
Nominating Committee. Shanahan will serve on the Audit and
Compensation Committees.
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William A. Fitzgerald (Photo: Business
Wire)
Both Fitzgerald and Shanahan have decades of executive
leadership experience in the aerospace industry.
Fitzgerald joins Spirit’s Board with a broad understanding of
commercial aviation, including extensive experience working with
airlines around the world on their aftermarket requirements.
Fitzgerald retired in 2021 as Vice President and General Manager
of Commercial Engine Operations for GE Aviation. He was responsible
for all commercial jet engine products and global support. Other
assignments for Fitzgerald at GE included Vice President and
General Manager of the GEnx product line, which was the fastest
selling jet engine in GE’s history and powered the Boeing 787
Dreamliner and 747-8 aircraft. Previously, he was Vice President
and General Manager of Assembly, Test and Overhaul, working to
bring manufacturing and services sites together into a single
organization to share best practices and processes. Fitzgerald
started his career at GE in 1983.
Fitzgerald earned a bachelor’s degree in mechanical engineering
from Worcester Polytechnic Institute and a master’s degree in
manufacturing engineering from Boston University.
Shanahan’s background spans both commercial and military
programs following a 31-year career with Boeing, and as a former
Deputy Secretary of Defense and Acting Secretary of Defense.
Shanahan was appointed in 2017 as the 33rd Deputy Secretary of
Defense, the second-highest ranking civilian position at the
Pentagon. He served as Acting Secretary of Defense from January
2019 to June 2019.
Shanahan retired from The Boeing Company in 2017 as Senior Vice
President of Supply Chain & Operations and a member of the
Boeing Executive Council. Shanahan served in Boeing’s defense
business as Vice President and General Manager of Missile Defense
Systems, and Vice President and General Manager of Rotorcraft
Systems, with oversight of the Apache, Chinook and Osprey programs.
In Boeing’s commercial business, Shanahan’s roles included Vice
President and General Manager of the Boeing 787 Dreamliner program,
and Senior Vice President of Airplane Programs. He started his
Boeing career in 1986.
Shanahan earned a bachelor’s degree in mechanical engineering
from the University of Washington, a master’s degree in mechanical
engineering from the Massachusetts Institute of Technology (MIT),
and an MBA from the MIT Sloan School of Management.
“Bill Fitzgerald and Pat Shanahan bring deep knowledge of the
aerospace and defense markets that will benefit Spirit as we grow
across our commercial, defense and space, and aftermarket
segments,” said Spirit AeroSystems Board Chair Robert Johnson.
“Bill and Pat have relationships and experience working with
commercial, defense, and government customers that will enhance
Spirit’s strategy to grow as a stronger, more diversified company.
We are excited to have Bill and Pat join our Board.”
On the web: www.spiritaero.com On Twitter: @SpiritAero
About Spirit AeroSystems Inc.
Spirit AeroSystems is one of the world’s largest manufacturers
of aerostructures for commercial airplanes, defense platforms, and
business/regional jets. With expertise in aluminum and advanced
composite manufacturing solutions, the company’s core products
include fuselages, integrated wings and wing components, pylons,
and nacelles. We are leveraging decades of design and manufacturing
expertise to be the most innovative and reliable supplier of
military aerostructures, and specialty high-temperature materials,
enabling warfighters to execute complex, critical missions. Spirit
also serves the aftermarket for commercial and business/regional
jets. Headquartered in Wichita, Kansas, Spirit has facilities in
the U.S., U.K., France, Malaysia and Morocco. More information is
available at www.spiritaero.com.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains "forward-looking statements" that
may involve many risks and uncertainties. Forward-looking
statements generally can be identified by the use of
forward-looking terminology such as "aim," "anticipate," "believe,"
"could," "continue," "estimate," "expect," "goal," "forecast,"
"intend," "may," "might," "objective," "outlook," "plan,"
"predict," "project," "should," "target," "will," "would," and
other similar words, or phrases, or the negative thereof, unless
the context requires otherwise. These statements reflect
management's current views with respect to future events and are
subject to risks and uncertainties, both known and unknown. Our
actual results may vary materially from those anticipated in
forward-looking statements. We caution investors not to place undue
reliance on any forward-looking statements. Important factors that
could cause actual results to differ materially from those
reflected in such forward-looking statements and that should be
considered in evaluating our outlook include, without limitation,
the impact of the COVID-19 pandemic on our business and operations;
the timing and conditions surrounding the full worldwide return to
service (including receiving the remaining regulatory approvals) of
the B737 MAX, future demand for the aircraft, and any residual
impacts of the B737 MAX grounding on production rates for the
aircraft; our reliance on Boeing for a significant portion of our
revenues; our ability to execute our growth strategy, including our
ability to complete and integrate acquisitions; our ability to
accurately estimate and manage performance, cost, and revenue under
our contracts; demand for our products and services and the effect
of economic or geopolitical conditions in the industries and
markets in which we operate in the U.S. and globally; our ability
to manage our liquidity, borrow additional funds or refinance debt;
and other factors disclosed in our filings with the Securities and
Exchange Commission. These factors are not exhaustive and it is not
possible for us to predict all factors that could cause actual
results to differ materially from those reflected in our
forward-looking statements. These factors speak only as of the date
hereof, and new factors may emerge or changes to the foregoing
factors may occur that could impact our business. Except to the
extent required by law, we undertake no obligation to, and
expressly disclaim any obligation to, publicly update or revise any
forward-looking statements, whether as a result of new information,
future events, or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20211112005894/en/
Media: Forrest Gossett (316) 803-2975
Forrest.s.gossett@spiritaero.com Investor relations: Ryan Avey or
Aaron Hunt (316) 523-7040 investorrelations@spiritaero.com
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