San Antonio, TX - November 5, 2007 - Engine Components, Inc. (ECi®) CEO, Gary H. Garvens, recently announced that ECi is initiating its 2008 strategic business plan to divide into four business units. "Engine Components, Inc. will continue to warehouse, market and sell proprietary PMA and experimental products under the TITAN® brand, as well as provide repair services," said Garvens. "This refocusing will have positive impact on the way ECi interacts with its customers by responding with comprehensive and efficient service."
Engineering, production, repair station activity and administration were the responsibility of Ed Salmeron, President of ECi. After 27 ½ years of dedicated service, Salmeron offered his resignation in October 2007 in order for him "to pursue a personal opportunity with the State Farm organization."
"The vacancy created by Ed's decision has given opportunities for ECi's experienced managers with specialized skills to move up in the organization", states Garvens. "The establishment of a holding company and dividing ECi into four business units will provide focused and specialized customer service to enable direct communications with our customers."
Glen Golden, formerly Vice President of Sales and Marketing, will become President of Engine Components, Inc., the name of the customer interface business unit. Certified and experimental parts development and procurement will be under direction of Dr. Don Kenton who will serve as President of Airmotive Engineering Corp. The repair station operations will be placed in a new business unit named EC Services, led by newly appointed General Manager, Tony Taylor. The fourth business unit, Air Cooled Motors, focuses on manufacture of new cylinders, crankcases and crankshafts. Heading up Air Cooled Motors as General Manager will be Andrew Campbell.
All of the business units will report to the holding company, Danbury AeroSpace, with Ty Stoller serving as President. Stoller was formerly Executive Vice President and Chief Financial Officer of ECi. "Our four business units are focused on complementary core competencies that emphasize quality, flexibility, growth and accountability," added Garvens. "According to a recently released report from the FAA, hours flown by general aviation airplanes are expected to grow 17% by the year 2020. ECi's refocus will allow it to be a major supplier to the aftermarket for certified and experimental airplanes."
Engine Components, Inc., founded in 1943, is the largest private aftermarket manufacturer of certified aircraft piston engine replacement parts and component repair services. The Company also manufactures and sells experimental engines for home built kit planes worldwide.