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WOOD DALE, Ill. - AAR Corp. (NYSE: AIR), a prominent aviation service provider with a market capitalization of $2.42 billion, has announced the election of Hema Widhani to its Board of Directors, effective Tuesday. The addition of Ms. Widhani expands the board to 12 members. According to InvestingPro analysis, AAR Corp. shows strong financial health with liquid assets exceeding short-term obligations.
With over two decades of experience in digital, marketing, and customer experience, Ms. Widhani is currently the Chief Digital and Marketing Officer at Prudential Financial. Her role includes managing the company’s digital and customer experience initiatives and leading Generative AI projects for Prudential’s insurance and retirement sectors. Her professional background includes various leadership positions at ETRADE, Citibank, and the WPP group. This appointment comes as AAR Corp. demonstrates robust growth, with revenue increasing by 18.53% over the last twelve months.
John M. Holmes, AAR’s Chairman, President, and CEO, expressed enthusiasm for Ms. Widhani’s expertise in revenue growth and customer engagement, particularly through digital transformation and AI technology.
Ms. Widhani, who holds an MBA from Carnegie Mellon University and a Master of International Business from Lancaster University, commented on her appointment, noting AAR’s reputation for customer commitment and expressing her honor in joining the board during a period of transformative growth for the company.
AAR Corp., headquartered in the Chicago area, operates in more than 20 countries and supports commercial and government customers through various services, including parts supply, repair and engineering, integrated solutions, and expeditionary services.
This announcement is based on a press release statement and includes forward-looking statements regarding AAR’s growth strategy. These statements are subject to risks and uncertainties that could cause actual results to differ materially from expectations.
In other recent news, AAR CORP. has signed an exclusive multi-year Distribution and License Agreement with Chromalloy’s subsidiary, BELAC LLC, for high-pressure turbine blades used in PW4000 engine platforms. This agreement enhances AAR’s engine portfolio and supports its growth in product offerings, ensuring guaranteed stock levels of the T1 blade. Sal Marino, AAR’s Senior Vice President of Parts Supply, highlighted the company’s dedication to providing cost-saving solutions and improving supply chain reliability. Mike Zerbe, General Manager of BELAC, noted the engineered durability of BELAC products, which is expected to offer downstream cost savings. This collaboration is set to expand material options for the global market, strengthening AAR’s position in the aviation industry. These developments reflect AAR’s ongoing commitment to enhancing its product offerings and supporting the aviation sector.
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