Astronics Corporation Appoints Mark Moran to Board of Directors
December 19 2018 - 6:30AM
Business Wire
Astronics Corporation (Nasdaq: ATRO), a leading supplier of
advanced technologies and products to the global aerospace,
defense, and semiconductor industries, today announced the
appointment of Mark Moran to its Board of Directors, effective
December 14, 2018. The addition of Mr. Moran as an independent
director brings the Astronics Board to nine directors, eight of
whom are independent. He will serve on the Compensation Committee
and the Nominating and Corporate Governance Committee.
Kevin T. Keane, Chairman of the Board, commented, “Mark’s
leadership and extensive world-class aerospace experience enhances
our already strong board. His operational insights, developed
across global and regional airlines, will add valuable
perspectives, especially as the Company enhances its position in
the connected aircraft market.”
Mark Moran, age 62, brings significant aerospace engineering and
operations experience spanning nearly 40 years. He spent 17 years
with Continental Airlines prior to its acquisition by United.
During his tenure, which included eight years as the head of
Operations, Continental grew to the fifth largest airline with
2,600 daily flights to over 260 airports. He retired from his
position as Chief Operating Officer with Continental in 2012. Prior
to that, Mr. Moran served ten years with USAir/Piedmont, and before
that, five years with Boeing Corporation (NYSE: BA). He is a
graduate of Marquette University, where he earned a Bachelor of
Science degree in Engineering.
About Astronics Corporation
Astronics Corporation (Nasdaq: ATRO) is a leading supplier of
advanced technologies and products to the global aerospace, defense
and semiconductor industries. Astronics’ products and services
include advanced, high-performance electrical power generation and
distribution systems, seat motion solutions, lighting and safety
systems, avionics products, aircraft structures, systems
certification and automated test systems. Astronics’ strategy is to
increase its value by developing technologies and capabilities,
either internally or through acquisition, and using those
capabilities to provide innovative solutions to its targeted
markets and other markets where its technology can be beneficial.
Through its wholly owned subsidiaries, Astronics has a reputation
for high-quality designs, exceptional responsiveness, strong brand
recognition and best-in-class manufacturing practices. The Company
routinely posts news and other important information on its website
at www.astronics.com.
Safe Harbor Statement
This news release contains forward-looking statements as defined
by the Securities Exchange Act of 1934. One can identify these
forward-looking statements by the use of the words “expect,”
“anticipate,” “plan,” “may,” “will,” “estimate” or other similar
expressions. Because such statements apply to future events, they
are subject to risks and uncertainties that could cause actual
results to differ materially from those contemplated by the
statements. Important factors that could cause actual results to
differ materially from what may be stated here include the state of
the aerospace, defense, consumer electronics and semiconductor
industries, the market acceptance of newly developed products,
internal production capabilities, the timing of orders received,
the status of customer certification processes and delivery
schedules, the demand for and market acceptance of new or existing
aircraft which contain the Company’s products, the need for new and
advanced test and simulation equipment, customer preferences and
other factors which are described in filings by Astronics with the
Securities and Exchange Commission. The Company assumes no
obligation to update forward-looking information in this news
release whether to reflect changed assumptions, the occurrence of
unanticipated events or changes in future operating results,
financial conditions or prospects, or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20181219005048/en/
CompanyDavid Burney, CFOAstronics CorporationT:
716.805.1599 x 159david.burney@astronics.com
InvestorsDeborah K. PawlowskiKei Advisors LLCT:
716.843.3908dpawlowski@keiadvisors.com
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