Atlas Air Worldwide Announces Board Refreshment
May 25 2021 - 12:30PM
Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) today announced
changes to its Board of Directors. General Duncan J. McNabb, U.S.
Air Force (retired), previously Lead Independent Director of the
Board, has been named Chairman. General McNabb succeeds William J.
Flynn, who is retiring from the Board. Current Board member, Jane
H. Lute, is also retiring. The company confirmed that Beverly K.
Goulet and Carol J. Zierhoffer have been elected to the Board of
Directors during the Annual Shareholder Meeting today. These
changes are effective immediately. The total number of Board
members remains consistent at ten.
Chairman Transition
“It has been my honor to serve as Chairman of
the Atlas Air Worldwide Holdings Board,” said Mr. Flynn. “Duncan
has served as Lead Independent Director and demonstrated
exceptional leadership, acumen and insight that make him the clear
choice to lead the Board and govern the company on its path
forward. In addition, the appointment of Beverly Goulet and Carol
Zierhoffer underscores the commitment of the Nominating and
Governance Committee and of the full Board to continue to leverage
a diversity of skill sets and professional backgrounds. I feel
confident in the path ahead for Atlas.”
“I’m honored and really looking forward to
expanding my role on the Atlas Board by serving as Chairman,” said
Gen. McNabb. “Having served as a Board Member for nearly ten years,
I’ve had the privilege to build a deep understanding of Atlas and
look forward to leading the company forward. I commend Bill for his
strong leadership in his role as Chairman, and previously as Chief
Executive Officer. Bill’s leadership and passion for this company
and the industry over the last 15 years has been a driving force
behind Atlas Air Worldwide’s success.”
Gen. McNabb has been a member of the Atlas Air
Worldwide Board since July 2012, and was named Lead Independent
Director in September 2019. He served as Chairman of the Board’s
Nominating and Governance Committee from May 2017 to December 2019,
and as a member of the Nominating and Governance Committee since
June 2014 and a member of the Audit and Finance Committee since
December 2012.
Gen. McNabb retired from the U.S. Air Force
following an exceptional 37-year career. He served as Commander of
the Air Mobility Command from 2005 to 2007 and was the 33rd Vice
Chief of Staff of the United States Air Force from 2007 to 2008.
Gen. McNabb completed his military service as Commanding General of
the United States Transportation Command (USTRANSCOM) from 2008 to
2011. USTRANSCOM is the single manager for air, land and sea
transportation for the Department of Defense (DOD). He also served
as DOD’s Distribution Process Owner, overseeing DOD’s end-to-end
supply chain, transportation, and distribution to our armed forces
worldwide. He commanded more than $56 billion in strategic
transportation assets, over 150,000 service personnel and a
worldwide command-and-control network.
Newly-Elected Directors
“Beverly and Carol bring strong skills,
background, leadership and industry expertise to the boardroom,”
said Gen. McNabb. “Their election underscores Atlas Air Worldwide’s
commitment to leverage a diversity of skill sets and professional
backgrounds. Beverly has extensive senior executive experience in
the airline industry, and Carol is an expert in information
technology and cybersecurity. I know their respective experiences
and insights will enrich our discussions, analyses and strategic
governance.”
Ms. Goulet served in several senior level roles
with the American Airlines Group Inc., including Senior Vice
President and Chief Integration Officer, Executive Vice President
and Chief Integration Officer, and Vice President, Corporate
Development and Treasurer. Prior to joining American Airlines, Ms.
Goulet practiced corporate and securities law for 13 years. She
received a Bachelor's degree and a Juris Doctor from the University
of Michigan. She also serves as Director for Xenia Hotels &
Resorts, Inc. and Rolls-Royce Holdings PLC.
Ms. Zierhoffer has more than 30 years of
experience in the information technology industry. Most recently,
and until her retirement in October 2019, Ms. Zierhoffer served as
the Senior Vice President and Global Chief Information Officer at
Bechtel Corporation, where she oversaw the company’s business and
technology solutions, cybersecurity, infrastructure and operations,
big data and analytics innovation, emerging technology and
knowledge management globally. Additionally, Ms. Zierhoffer served
in CIO roles with Xerox, ITT Corporation and Northrop Grumman. She
currently serves as Director for Allscripts Healthcare Solutions,
Inc. and Vizient Inc., and is an Executive Advisory Board Member of
OpsCruise, Inc. and Founding Board Member of the nonprofit A Little
Compassion.
Retirement of Jane Lute
Atlas Air Worldwide Board member since May 2018,
Ms. Lute previously served as Deputy Secretary for the U.S.
Department of Homeland Security and is a member of several
international commissions focused on cybersecurity and the future
of the internet.
“We are grateful for Jane’s service. During her
time on the Board, Jane brought tremendous leadership experience,
and we have benefited greatly from her expertise in cybersecurity
and public policy matters,” said Gen. McNabb.
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 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: Investors:
InvestorRelations@atlasair.com Media:
CorpCommunications@atlasair.com
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