Aircastle Limited (NYSE: AYR) CEO Ron Wainshal will step aside to focus on his health and recovery and Michael J. Inglese has been named Chief Executive Officer and was appointed to the board of directors, the company said.
Inglese has served as Chief Financial Officer since 2007 and more recently as Acting Chief Executive Officer since Wainshal began his medical leave of absence in January 2017.
As a consequence of Inglese´s new appointment, the board also promoted Aaron Dahlke, to Chief Financial Officer and Interim Chief Accounting Officer of the company. Dahlke has been Chief Accounting Officer of the company since 2005. Roy Chandran has also been promoted to EVP, Corporate Finance & Strategy and will report to the CEO. These management changes are effective immediately.
Separately, the company announced that Takayuki Sakakida has been appointed by the Board to replace Ryusuke Konto, as one of Marubeni´s designees on the board of directors. Konto has served on the board of directors since August, 2013.
Aircastle Limited acquires, leases and sells commercial jet aircraft to airlines throughout the world. As of March 31, 2017, Aircastle owned and managed on behalf of its joint ventures 213 aircraft leased to 72 customers located in 37 countries.