AAR Elects Ellen M. Lord to its Board of Directors
April 16 2021 - 7:30AM
AAR (NYSE: AIR), a leading provider of aviation services to
commercial and government operators, MROs and OEMs, announced today
that Ellen M. Lord, former Under Secretary of Defense for
Acquisition and Sustainment for the United States Department of
Defense, has been elected to the Company's Board of Directors,
effective immediately.
“Ellen brings significant aerospace and defense expertise as
well strong leadership experience from her time as the President
and CEO of Textron Systems and most recently as Under Secretary
with the U.S. Department of Defense,” said John M. Holmes, AAR
President and Chief Executive Officer. “Ellen will bring a valuable
perspective to our Board and our Company. We look forward to her
contributions and are very pleased to welcome Ellen to AAR.”
Ms. Lord, 61, served as the Under Secretary of Defense for
Acquisition and Sustainment for the United States Department of
Defense from August 2017 until January 2021. In this role, she was
responsible for all matters pertaining to acquisition;
developmental testing; contract administration; logistics and
materiel readiness; installations and environment; operational
energy; chemical, biological, and nuclear weapons; the acquisition
workforce; and the defense industrial base. Prior to her government
service, Ms. Lord served as the President and Chief Executive
Officer of Textron Systems from October 2012 to August 2017, where
she led a multi-billion dollar company with products and services
supporting defense, homeland security, aerospace and infrastructure
protection. Prior to that, she served in other leadership positions
at Textron Systems and related companies. Ms. Lord is the former
Vice Chairman of the National Defense Industrial Association and
has previously served on the boards of the U.S. Naval Institute,
the U.S. India Business Council and the Defense Technology
Initiative. She was recently appointed to the board of Voyager
Space Holdings and serves as an advisor to a number of companies.
She earned a Master of Science degree in chemistry from the
University of New Hampshire and a Bachelor of Arts degree in
chemistry from Connecticut College. Ms. Lord currently is an
independent aerospace, defense and industrial consultant.
# # #
About AAR AAR is a global aerospace and defense
aftermarket solutions company with operations in over 20 countries.
Headquartered in the Chicago area, AAR supports commercial and
government customers through two operating segments: Aviation
Services and Expeditionary Services. AAR’s Aviation Services
include Parts Supply; OEM Solutions; Integrated Solutions; and
Maintenance, Repair and Overhaul (MRO) Services. AAR’s
Expeditionary Services include Mobility Systems operations.
Additional 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,
which reflect management’s expectations about future conditions.
Forward-looking statements may also be identified because they
contain words such as ‘‘anticipate,’’ ‘‘believe,’’ ‘‘continue,’’
‘‘could,’’ ‘‘estimate,’’ ‘‘expect,’’ ‘‘intend,’’ ‘‘likely,’’
‘‘may,’’ ‘‘might,’’ ‘‘plan,’’ ‘‘potential,’’ ‘‘predict,’’
‘‘project,’’ ‘‘seek,’’ ‘‘should,’’ ‘‘target,’’ ‘‘will,’’ ‘‘would,’’
or similar expressions and the negatives of those terms. 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. For
a discussion of these and other risks and uncertainties, refer to
“Risk Factors” in our most recent Annual Report on Form 10-K and
subsequent Quarterly Reports on Form 10-Q. 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. |
- Ellen M Lord_Board of Directors_preferred picture_041521
Dylan Wolin
AAR Corp
+16302272000
dylan.wolin@aarcorp.com
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