-- Veteran Leader Brings 32 Years of Experience in Aerospace & Defense
Driving Transformation and Change Management --
VALENCIA, Calif.--(BUSINESS WIRE)--Jul. 6, 2015--
Wesco Aircraft Holdings, Inc. (NYSE: WAIR), a leading provider of
comprehensive supply chain management services to the global aerospace
industry, today announced that it has appointed Daniel C. Snow as
executive vice president, strategy and business process development. Mr.
Snow will lead Wesco’s accelerated integration with Haas Group and the
development and deployment of comprehensive business processes.
Dave Castagnola, president and chief executive officer, said, “We are
pleased to have Dan join Wesco Aircraft. He brings extensive experience
in large company integration, strategic planning, business development,
operational excellence and Policy Deployment. Dan led the integration of
the landing gear and wheels and brakes units at UTC Aerospace Systems,
reporting to me. In addition to driving the Haas integration and
business process development, Dan will lead our strategic planning
activities, working with the rest of the executive leadership team to
establish vision, goals and objectives for the organization.”
Mr. Snow was most recently Vice President and General Manager, Landing
Systems at UTC Aerospace Systems (UTC Aerospace), one of the world’s
largest suppliers of technologically advanced aerospace and defense
products and a division of United Technologies Corp. Mr. Snow joined UTC
Aerospace through the acquisition of Goodrich Corporation in 2012. While
at Goodrich he served in roles of increasing responsibility in
operations, as well as supply chain and program management. He has led
strategic planning, business analysis and transformation, product life
cycle management, continuous improvement and change management.
Prior to Goodrich, Mr. Snow worked in progressive supply chain and
program management leadership positions with Boeing, the Case
Corporation and McDonnell Douglas.
Mr. Snow holds a diploma in Aerospace Management and a Masters in
Business Administration from the Rotman School of Business at the
University of Toronto.
About Wesco Aircraft
Wesco Aircraft is one of the world’s largest distributors and providers
of comprehensive supply chain management services to the global
aerospace industry. The company’s services range from traditional
distribution to the management of supplier relationships, quality
assurance, kitting, just-in-time delivery and point-of-use inventory
management. The company believes it offers one of the world’s broadest
inventories of aerospace products, comprised of more than 600,000 active
stock keeping units, including hardware, bearings, tools, electronic
components, machined parts and chemicals. Wesco Aircraft has more than
2,700 employees across 82 locations in 19 countries.
To learn more about Wesco Aircraft, visit our website at www.wescoair.com.
Follow Wesco Aircraft on LinkedIn at https://www.linkedin.com/company/wesco-aircraft-corp.
This press release contains forward-looking statements (including within
the meaning of the Private Securities Litigation Reform Act of 1995)
concerning Wesco Aircraft Holdings, Inc. These statements may discuss
goals, intentions and expectations as to future plans, trends, events,
results of operations or financial condition, or otherwise, based on
current beliefs of management, as well as assumptions made by, and
information currently available to, management. In some cases, readers
can identify forward-looking statements by the use of forward-looking
terms such as “aim,” “anticipate,” “believe,” “plan,” “could,” “would,”
“should,” “estimate,” “expect,” “forecast,” “future,” “guidance,”
“intend,” “may,” “will,” “possible,” “potential,” “predict,” “project”
or similar words, phrases or expressions. These forward-looking
statements are subject to various risks and uncertainties, many of which
are outside the company’s control. Therefore, the reader should not
place undue reliance on such statements.
Factors that could cause actual results to differ materially from those
in the forward-looking statements include: general economic and industry
conditions; conditions in the credit markets; changes in military
spending; risks unique to suppliers of equipment and services to the
U.S. government; risks associated with the company’s long-term,
fixed-price agreements that have no guarantee of future sales volumes;
risks associated with the loss of significant customers, a material
reduction in purchase orders by significant customers or the delay,
scaling back or elimination of significant programs on which the company
relies; the company’s ability to effectively compete in its industry;
the company’s ability to effectively manage its inventory; the company’s
ability to successfully integrate the acquired business of Haas Group
Inc. in a timely fashion; failure to realize anticipated benefits of the
combined operations; risks relating to unanticipated costs of
integration; the company’s suppliers’ ability to provide it with the
products the company sells in a timely manner, in adequate quantities
and/or at a reasonable cost; the company’s ability to maintain effective
information technology systems; the company’s ability to retain key
personnel; risks associated with the company’s international operations,
including exposure to foreign currency movements; fluctuations in the
company’s financial results from period-to-period; risks associated with
assumptions the company makes in connection with its critical accounting
estimates (including goodwill) and legal proceedings; the company’s
ability to establish and maintain effective internal control over
financial reporting; environmental risks; risks related to the handling,
transportation and storage of chemical products; the company’s
dependence on third-party package delivery companies; risks related to
the aerospace industry and the regulation thereof; risks related to the
company’s indebtedness; and other risks and uncertainties.
The foregoing list of factors is not exhaustive. The reader should
carefully consider the foregoing factors and the other risks and
uncertainties that affect the company’s business, including those
described in Wesco Aircraft’s Annual Report on Form 10-K, Quarterly
Reports on Form 10-Q, Current Reports on Form 8-K and other documents
filed from time to time with the Securities and Exchange Commission. All
forward-looking statements included in this news release (including
information included or incorporated by reference herein) are based upon
information available to the company as of the date hereof, and the
company undertakes no obligation to update or revise publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise.
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Source: Wesco Aircraft Holdings, Inc.
Wesco Aircraft Holdings, Inc.