WOOD DALE, Ill., May 21, 2013 /PRNewswire/ -- AAR CORP. (NYSE: AIR), announced today that its Board of Directors has named Ronald R. Fogleman as its Lead Director.
Fogleman, a retired U.S. Air Force General and a former member of the U.S. Joint Chiefs of Staff, has served as an AAR director since 2001 and is currently Chairman of the Board's Nominating and Governance Committee and a member of its Compensation Committee. He also serves as non-executive Chairman of Alliant Techsystems, Inc. (NYSE: ATK).
"Ron has a keen understanding of our Company, its businesses and the aviation industry," said David P. Storch, AAR's Chairman and Chief Executive Officer. "As Lead Director, Ron will continue to provide outstanding service to the Company and its stockholders in this vital corporate governance role."
Fogleman served on the U.S. Joint Chiefs of Staff as a military advisor to the Secretary of Defense, the National Security Council and the President. He also was the 15th Chief of Staff of the Air Force, the senior uniformed officer responsible for the organization, training and equipage of 750,000 active duty, Guard, Reserve and civilian forces. He retired from the Air Force in 1997 after 34 years of active commissioned service.
AAR is a global aerospace and defense contractor that employs more than 6,000 people in 17 countries. Based in Wood Dale, Illinois, AAR supports commercial, government and defense customers through two operating segments: Aviation Services and Technology Products. AAR's services include inventory management and parts distribution; aircraft maintenance, repair and overhaul; and expeditionary airlift. AAR's products include cargo systems and containers; mobility systems and shelters; advanced aerostructures; and command and control systems. More information can be found at www.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. 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, including those factors discussed under Item 1A, entitled "Risk Factors", included in the Company's Form 10-K for the fiscal year ended May 31, 2012. 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. For additional information, see the comments included in AAR's filings with the Securities and Exchange Commission.
SOURCE AAR CORP.