WOOD DALE, Ill. - AAR Corp . (NYSE: NYSE:AIR), an established aviation service provider, has appointed Jeffrey N. Edwards to its Board of Directors, effective today. Edwards, who has a seasoned background in financial services, joins the board to assist in guiding the company's growth strategies and enhancing shareholder value.
With over four decades of experience in the financial sector, Edwards, 63, has held significant roles, including Partner and Vice Chairman at New Vernon Capital, where he focused on client investments, operations, and business development. His tenure at Merrill Lynch spanned more than 20 years, including a pivotal stint as Chief Financial Officer.
Edwards currently holds board positions with other notable companies, serving as the Lead Independent Director at Raymond James Financial (NYSE:RJF), Inc., and Chair of the Audit, Finance, and Risk Committee at American Water (NYSE:AWK) Works Company, Inc. His extensive experience in financial oversight and corporate governance is expected to benefit AAR's strategic financial planning.
John M. Holmes, AAR's Chairman, President, and CEO, expressed confidence in Edwards' capabilities, emphasizing his potential contribution to the company's financial prudence and strategic growth. Edwards reciprocated this sentiment, highlighting AAR's leadership and financial strength, and committing to support the company's growth objectives.
AAR operates globally in over 20 countries, providing a range of services to commercial and government entities in the aerospace and defense sectors. The company's operations are segmented into Parts Supply, Repair & Engineering, Integrated Solutions, and Expeditionary Services.
The announcement is based on a press release statement and contains forward-looking statements regarding the company's future, including its growth strategy and shareholder value. These statements are subject to risks and uncertainties that could impact actual results.
For more information on AAR's services and operations, interested parties can visit the company's website at aarcorp.com.
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