AAR Welcomes Its Future CFO John Fortson Former banking executive joins aerospace leader as VP of Finance a month earlier
WOOD DALE, Ill., June 3, 2013 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of value-added products and services to the worldwide aerospace, government and defense industries, today announced that John Fortson has joined the Company as Vice President of Finance. His start date comes one month earlier than previously announced.
Mr. Fortson will become Vice President, Chief Financial Officer and Treasurer on July 19, 2013, or sooner following the filing of the Company's Form 10-K for its fiscal year ending May 31, 2013. He joins the Company from Bank of America Merrill Lynch, where he held the position of Managing Director, Investment Banking.
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.