Diversified Holding Company Air T, Inc. Brings Legal Affairs In-house by Naming Mark Jundt as General Counsel
May 30 2018 - 6:00AM
Air T, Inc. (NASDAQ:AIRT), a diversified holding company with
operations in air cargo, aviation ground support equipment and
services, and aircraft engine and airframe parts sales, today
announced that Mark Jundt, formerly Principal Legal Counsel of CHS
Inc. International business operations and Global Litigation, has
joined Air T as General Counsel reporting to CEO Nick Swenson,
effective immediately. Mr. Jundt will be based in Air T’s executive
offices in Minneapolis.
Air T Chairman and CEO, Nick Swenson, commented, “We are
thrilled to welcome Mark to our team. He’s a proven leader with
outstanding judgment and broad management, transaction and
regulatory experience. Given our growing scale and plans to build
upon Air T’s proven value creation strategy, it makes financial and
strategic sense to centralize legal affairs with a strong in-house
counsel. We are confident that Mark will enhance the success and
cost effectiveness of our legal efforts as Air T pursues new
investment opportunities and supports the operational success
of our existing businesses.”
Mark Jundt commented: “I am excited to join Nick and Air T’s
leadership team, as they have built an impressive, diversified
platform for growth that is rooted in a commitment to exemplary
long-term shareholder stewardship. I look forward to supporting the
continued expansion of the company and its focus of creating
sustained, long-term growth from strong, cash flow generating
businesses.”
Mr. Jundt brings 15 years of legal experience and accomplishment
in mergers, acquisitions, litigation, risk-management, securities
law and commercial arrangements. Prior to joining Air T, Mr. Jundt
served as Principal Legal Counsel, International and Global
Disputes, for CHS Inc., a Fortune 100 company and the nation’s
leading farmer-owned cooperative in the global energy, grains and
foods business, with over $30 billion in annual revenue. Jundt was
responsible for advising CHS senior leadership on legal, regulatory
and risk management. He also oversaw and managed CHS’ internal
lawyers and legal departments throughout South America and
Europe.
Prior to CHS, Mr. Jundt oversaw Litigation and Employment Law at
RSM, an international accounting firm based in Minneapolis, MN. Mr.
Jundt began his career as a commercial attorney at Blackwell Burke
in Minneapolis, supporting many of the firm’s Fortune 500 clients.
Mr. Jundt hails from North Dakota, where he obtained a B.S. in
Business at North Dakota State prior to earning his juris doctor
degree from Hamline University School of Law. Mr. Jundt is a
passionate volunteer and contributor to many cancer-related
causes.
ABOUT AIR T, INC. Established in 1980, Air T,
Inc. is a diversified holding company with operations in (1)
overnight air cargo, (2) aviation ground support equipment
manufacturing, (3), aviation ground support maintenance services,
and (4) aircraft engine and airframe parts sales. Air T’s ownership
interests consist of a broad set of operating and financial assets
that are designed to expand, strengthen and diversify its cash
earnings power. For more information, visit www.airt.net.
FORWARD LOOKING
STATEMENTS
Statements in this press release, which contain more than
historical information, may be considered forward-looking
statements (as such term is defined in the Private Securities
Litigation Reform Act of 1995), which are subject to risks and
uncertainties. Actual results may differ materially from those
expressed in the forward-looking statements because of important
potential risks and uncertainties, including, but not limited to,
the risk that contracts with major customers will be terminated or
not extended, future economic conditions and their impact on the
Company's customers, the timing and amounts of future orders under
the Company's Global Ground Support subsidiary's contract with the
United States Air Force, and risks and uncertainties related to
business acquisitions, including the ability to successfully
achieve the anticipated benefits of the acquisitions, inflation
rates, competition, changes in technology or government regulation,
information technology disruptions, and the impact of future
terrorist activities in the United States and abroad. A
forward-looking statement is neither a prediction nor a guarantee
of future events or circumstances, and those future events or
circumstances may not occur. The Company is under no obligation,
and it expressly disclaims any obligation, to update or alter any
forward-looking statements, whether as a result of new information,
future events or otherwise.
CONTACTMediaAnthony
Giombetti818-821-7530anthony@giombettipr.com
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