After 36 years of service, Timothy J. Romenesko, Chief Financial Officer and Vice Chairman of Wood Dale, Illinois-based AAR Corp. (NYSE: AIR) has announced plans to retire, effective December 31, 2017, the company said.
Romenesko joined AAR in 1981 and performed various financial roles for several AAR operating units before being named Corporate Controller in 1991 and serving as CFO and Treasurer from 1994 to 2006. From 2007 to 2015, he was AAR´s President and Chief Operating Officer. Before returning to the role of CFO in 2016, Romenesko was Vice Chairman and Chief Operating Officer of the Expeditionary Services segment.
AAR is commencing a search for a new CFO to replace Romenesko.
AAR is a global aftermarket solutions company that employs more than 5,000 people in over 20 countries. The company supports commercial aviation and government customers through two operating segments: Aviation Services and Expeditionary Services.
AAR´s Aviation Services include inventory management; parts supply; OEM parts distribution; aircraft maintenance, repair and overhaul; and component repair. AAR´s Expeditionary Services include airlift operations; mobility systems; and command and control centers in support of military and humanitarian missions.