Atlas Air Worldwide Announces Passing of Board Chairman Robert Agnew
August 23 2019 - 10:00AM
Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) today announced
that Robert (Bob) Agnew, the Chairman of the Board of Directors,
passed away earlier this week.
“Bob was a wonderful director and even finer human being,” said
William J. Flynn, Chief Executive Officer of Atlas Air Worldwide.
“We are saddened by the news of his passing. His extensive
knowledge of the aviation industry and depth of corporate expertise
made him a tremendous asset to the Board and to our Company. He was
a great leader, a passionate advocate for Atlas, and a good friend
to us all. On behalf of Atlas Air Worldwide, we extend our deepest
sympathies and condolences to Bob’s family.”
A member of the Atlas Air Worldwide Board since July 2004, Mr.
Agnew also served on the Board’s Nominating and Governance
Committee, and previously was the Chair of our Audit Committee. He
became Chairman of the Board in 2017.
Mr. Agnew was a widely respected leader in the aviation
industry, with over 30 years of experience in aviation and
marketing consulting and has been a leading provider of aircraft
valuations to banks, airlines, and financial institutions
worldwide. Most recently, Mr. Agnew was President and Chief
Executive Officer of Morten Beyer & Agnew, an international
aviation consulting firm experienced in the financial modeling and
technical due diligence of airlines and aircraft funding. He began
his commercial aviation career at Northwest Airlines, and
previously served in the U.S. Air Force as an officer and
instructor navigator with the Strategic Air Command.
Mr. Flynn has been elected Chairman of the Board, effective
immediately. It was previously announced that Mr. Flynn would
assume the chairman role on January 1, 2020. In addition, Board
Member General (Ret.) Duncan J. McNabb, USAF, has been named
interim Lead Independent Director.
About Atlas Air Worldwide:
Atlas Air Worldwide is a leading global provider of outsourced
aircraft and aviation operating services. It is the parent company
of Atlas Air, Inc., Southern Air Holdings, Inc. and Titan Aviation
Holdings, Inc., and is the majority shareholder of Polar Air Cargo
Worldwide, Inc. Our companies operate the world’s largest fleet of
747 freighter aircraft and provide customers the broadest array of
Boeing 747, 777, 767, 757 and 737 aircraft for domestic, regional
and international cargo and passenger operations.
Atlas Air Worldwide’s press releases, SEC filings and other
information may be accessed through the company’s home page,
www.atlasairworldwide.com.
Contacts: Dan Loh (Investors) – (914) 701-8200 Debbie
Coffey (Media) – (914) 701-8951
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