Dr. Fred Gertsen Joins Groen Aeronautics Strategic Board of Advisors

SALT LAKE CITY, April 10, 2017 /PRNewswire/ -- Groen Aeronautics Corporation ("GAC") has named former PricewaterhouseCoopers (PwC) partner Dr. Fred H.M. Gertsen, RA, to its Strategic Board of Advisors, effective immediately.    

Dr. Gertsen was a partner with PwC for nearly 25 years, retiring in 2012. As a partner, Dr. Gertsen was responsible for audits and advice to many global financial services clients. He was partner-in-charge of the Dutch Asset Management and Real Estate Practice for many years in addition to being a member of the PwC Central Cluster Asset Management Leadership team, with prime responsibility for Human Capital Development.

His accolades include his role as lead partner on AerCap, one of the largest global aircraft leasing companies. Through his PwC partner audit client role, Dr. Gertsen was in a position to follow developments at Groen Aeronautics Corporation since 2004. In addition, at PwC he worked with a variety of multinational banks, insurance companies, asset managers and large hedge funds.

"Fred, who has firsthand knowledge of our organization and technology through his previous audit engagements, will bring with him a wealth of knowledge and experience to help facilitate GAC's growth," said David Groen, Founder and Senior Advisor to GAC.

Prior to joining PwC, he worked at Peat Marwick & Mitchell (now KPMG) and Cargill. He was seconded to London, Singapore, and Miami, and also has extensive work experience in Central and Eastern Europe, Central Asia, and the United States.

"Fred's 25 years of broad experience across important industries will add a valuable perspective to our Strategic Advisory Board," said General John Michel (Ret.), GAC Director. "We appreciate his willingness to serve on GAC's Strategic Advisory Board and look forward to benefitting from his judgment and counsel."

"I have admired Groen Aeronautics for its innovative technology for several years, and I'm honored to be joining their Strategic Advisory Board," said Dr. Gertsen. "I have tremendous respect for what is to come for the entire GAC team and I look forward to working with them."

As well as serving on the GAC Strategic Advisory Board, Dr. Gertsen is currently a Board Member and Chairman of the Audit and Risk Management Committee of one of the larger Dutch pension funds. He also holds a supervisory board position at a Dutch insurer and is a supervisor at Rijnlands Lyceum, a group of Dutch and international schools.

Dr. Gertsen's Ph.D. thesis focused on the importance of proper corporate reporting and governance matters and leadership psychology.  After his retirement from PwC, he worked as Assistant Professor and Executive Fellow at Erasmus University, Rotterdam and serves as Principal Investigator with the Stevanovich Institute on the Formation of Knowledge of The University of Chicago where the focus of his research is on the ways companies influence the "well being" of environmental, social and governance matters, respecting and recognizing cultural tradition and values.

About Groen Aeronautics Corporation
Groen Aeronautics Corporation is recognized as the world's leading authority on sustained autorotative flight with approximately 40 patents issued and several more underway.  Powered by a Rolls-Royce gas turbine engine, GAC developed the world's first commercially viable modern gyroplane – the first "Autogiro" to utilize a jet engine; the most advanced gyroplane in existence today – the GAC Hawk 5 Gyroplane (also known as the "GAC HawkRanger").  The Hawk 5 was used extensively for security aerial patrol missions for Winter Olympics Games, flying 8 weeks without downtime for maintenance: the only VTOL aircraft used for security for those games that remained mission-ready 24/7. For more information about the company, its products, and individual members of the GAC team visit www.GroenAeronautics.com.

Media Contact:
Marty Ellery
[email protected] 

SOURCE Groen Aeronautics Corporation

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