WOOD DALE, ILLINOIS, July 14, 2011 — AAR CORP. (NYSE: AIR) announced today that Andrew J. Schmidt has joined the Company as Senior Vice President, Supply Chain, AAR Allen Asset Management. In this capacity, Schmidt will be responsible for providing strategy, business planning and operational leadership for the division and will drive initiatives to enhance the performance of all AAR’s aftermarket business.
:Schmidt’s 25-year aviation career advanced from a flight test engineer at the former McDonnell Douglas to co-founding partner at Kimball Advisory Partners, where he helped aviation clients more efficiently manage their supply chains, reduce costs and accelerate growth. He also held senior management positions at Taurus Aerospace Group, Macquarie Capital and Oliver Wyman. Schmidt will report to John M. Holmes, Division President, AAR Allen Asset Management.
Commenting on Schmidt’s appointment, AAR’s President and Chief Operating Officer, Timothy J. Romenesko, said, “Andy has extensive aviation supply chain management expertise and an impressive record of helping companies improve performance and identify opportunities for growth. He is an excellent fit for our team and will play a key role in advancing AAR’s industry position and enhancing customer value.”
As Senior Vice President, Supply Chain, Schmidt will grow the Company’s trading, distribution and program business and work across AAR divisions to optimize the Company’s supply chain functions and strengthen relationships with its external supply base.
AAR was recently named a Top-Performing Company by Aviation Week, and was ranked the number one U.S.-based company in all categories of Overhaul & Maintenance magazine’s biennial “Top 10 MRO” report.
AAR is a leading provider of value-added products and services to the worldwide aerospace and government and defense industries. With facilities and sales locations around the world, AAR uses its close-to-the-customer business model to serve aviation and government and defense customers through four operating segments: Aviation Supply Chain; Maintenance, Repair and Overhaul; Structures and Systems; and Government and Defense Services. More information can be found at www.aarcorp.com.
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