Wesco Aircraft Appoints Daniel C. Snow Executive Vice President and Chief Supply Chain Officer
March 09 2016 - 7:46PM
Wesco Aircraft Holdings, Inc. (NYSE:WAIR), a leading provider of
comprehensive supply chain management services to the global
aerospace industry, today announced that it has appointed Daniel C.
Snow as executive vice president and chief supply chain officer.
Mr. Snow will oversee all of Wesco’s supply chain operations,
including strategic sourcing, materials management and procurement.
Mr. Snow joined Wesco Aircraft in July 2015 as
executive vice president, strategy and business process
development; he will continue to oversee this function in his new
role. Mr. Snow succeeds Robert Hanley, who has left the company to
pursue other interests.
Dave Castagnola, president and chief executive
officer, said, “I am very pleased that Dan will lead this critical
role at Wesco. He has many years of strategic supply chain and
program management experience, including significant leadership
roles at Goodrich/UTC Aerospace Systems. At Wesco, Dan has been
instrumental in accelerating the integration of Haas and
establishing standard business processes across the company. I
believe the time is right to bring his considerable years of
experience in the aerospace industry to drive further improvement
in our supply chain operations, particularly as we move forward
with sales, inventory and operations planning (SIOP)
initiatives.”
Castagnola continued, “I would like to thank
Robert Hanley for his dedicated service to Wesco. We wish him much
success in his future endeavors.”
Prior to joining Wesco, Mr. Snow was vice
president and general manager, landing systems, at UTC Aerospace
Systems (UTC Aerospace), one of the world’s largest suppliers of
technologically advanced aerospace and defense products and a
division of United Technologies Corp. Mr. Snow joined UTC Aerospace
through the acquisition of Goodrich Corporation in 2012. While at
Goodrich he served in roles of increasing responsibility in supply
chain and program management. He has led strategic planning,
business analysis and transformation, product life cycle
management, continuous improvement and change management.
Prior to Goodrich, Mr. Snow worked in
progressive supply chain and program management leadership
positions with Boeing, the Case Corporation and McDonnell
Douglas.
Mr. Snow is a graduate of the aerospace
management program and holds a master’s in business administration
from the Rotman School of Business at the University of Toronto.
About Wesco Aircraft
Wesco Aircraft is one of the world’s largest
distributors and providers of comprehensive supply chain management
services to the global aerospace industry. The company’s services
range from traditional distribution to the management of supplier
relationships, quality assurance, kitting, just-in-time delivery
and point-of-use inventory management. The company believes it
offers one of the world’s broadest portfolios of aerospace
products, including chemical, electrical and C-class hardware and
comprised of more than 570,000 active SKUs.
To learn more about Wesco Aircraft, visit our
website at www.wescoair.com. Follow Wesco Aircraft on LinkedIn at
https://www.linkedin.com/company/wesco-aircraft-corp.
Forward-Looking Statements
This document contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995, which relate to future, not past, events and
are subject to risks and uncertainties. The forward-looking
statements, which address the company's expected business and
financial performance and financial condition, among other matters,
contain words such as: “drive,” “believe,” “will” or similar words,
phrases or expressions. These forward-looking statements are
subject to various risks and uncertainties, many of which are
outside the company’s control. Therefore, the reader should
not place undue reliance on such statements.
Forward-looking statements by their nature
address matters that are, to different degrees, uncertain, such as
statements about expected business outcomes and growth. Although
the company believes the expectations reflected in such
forward-looking statements are based upon reasonable assumptions,
it can give no assurance that the expectations will be attained or
that any deviation will not be material. Readers are cautioned not
to place undue reliance on these forward-looking statements, which
speak only as of the date on which they are made.
Factors that could cause actual results to
differ materially from these forward-looking statements include,
but are not limited to, the following: general economic and
industry conditions; conditions in the credit markets; changes in
military spending; risks unique to suppliers of equipment and
services to the U.S. government; risks associated with the
company’s long-term, fixed-price agreements that have no guarantee
of future sales volumes; risks associated with the loss of
significant customers, a material reduction in purchase orders by
significant customers or the delay, scaling back or elimination of
significant programs on which the company relies; the company’s
ability to effectively compete in its industry; the company’s
ability to effectively manage its inventory; the company’s ability
to fully integrate the acquired business of Haas and to realize
anticipated benefits of the combined operations; risks relating to
unanticipated costs of integration; the company’s suppliers’
ability to provide it with the products the company sells in a
timely manner, in adequate quantities and/or at a reasonable cost;
the company’s ability to maintain effective information technology
systems; risks associated with the company’s international
operations, including exposure to foreign currency movements; the
company’s dependence on third-party package delivery companies;
fuel price risks; fluctuations in the company’s financial results
from period-to-period; environmental risks; risks related to the
handling, transportation and storage of chemical products; risks
related to the aerospace industry and the regulation thereof; and
other risks and uncertainties.
The foregoing list of factors is not
exhaustive. The reader should carefully consider the foregoing
factors and the other risks and uncertainties that affect the
company’s business, including those described in Wesco Aircraft’s
Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current
Reports on Form 8-K and other documents filed from time to time
with the Securities and Exchange Commission. These or other
uncertainties may cause the company’s actual future results to be
materially different than those expressed in any forward-looking
statements. The company undertakes no obligation to update or
revise any forward-looking statements.
Contact Information:
Jeff Misakian
Vice President, Investor Relations
661-362-6847
Jeff.Misakian@wescoair.com
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