WOOD DALE, Illinois, August 26, 2015 – AAR (NYSE: AIR) today announced that Timothy J. Romenesko has been appointed Vice Chairman. Romenesko will also continue in his role as Chief Operating Officer of the Expeditionary Services segment at AAR, which is comprised of Airlift and Mobility Systems, and as strategic advisor to the chairman and CEO.
This change is part of AAR’s strategic positioning initiative following the successful sale of the Company's cargo businesses, in which Romenesko played a critical role.
Romenesko, who began his career at AAR in 1981, served as Chief Financial Officer from 1994 to 2007, and President and Chief Operating Officer of AAR CORP., from 2007 to the present. He is a member of AAR’s board of directors.
As part of this transition, David P. Storch, AAR's Chairman and CEO, will assume the title and responsibilities of President.
"Tim has been a significant and steady contributor and a true partner in the success of AAR,” said Storch. “I am very appreciative of Tim's hard work and support, and we both look forward to AAR's next chapter.”
About AAR
AAR is a global aerospace and defense company that employs more than 5,000 people in over 20 countries. Based in Wood Dale, Illinois, AAR supports commercial, government and defense customers through two operating segments: Aviation Services and Expeditionary Services. AAR's Aviation Services include inventory management; parts supply; OEM parts distribution; aircraft maintenance, repair and overhaul; and component repair. AAR's Expeditionary Services include airlift operations; mobility systems; and command and control centers in support of military and humanitarian missions. More information can be found at www.aarcorp.com.
