Wesco Aircraft Names Chris King Vice President, Finance and Global Controller
November 30 2016 - 9:00AM
Wesco Aircraft Holdings, Inc. (NYSE:WAIR), the world’s leading
provider of comprehensive supply chain management services to the
global aerospace industry, today announced that Chris King has
joined the company as vice president, finance and global
controller, effective immediately. He also has been named as the
company’s chief accounting officer.
Mr. King succeeds K. Lynn Mackison, who has
assumed the newly created position of vice president, global sales
operations, after serving with the company as vice president and
global controller since January 2015. Mr. King will report directly
to Rick Weller, executive vice president and chief financial
officer.
“We are very pleased to have Chris join Wesco
Aircraft,” said Mr. Weller. “Chris is a seasoned professional,
bringing more than two decades of experience in business planning,
financial reporting, capital markets, and mergers and acquisitions.
He has led finance and accounting functions for both publicly
traded and venture capital-backed companies, and has a strong
technical foundation that includes seven years of public accounting
experience with a Big 4 firm. Chris will be a great addition to our
team.”
Mr. King joined Wesco Aircraft from ICON
Aircraft, a venture capital-backed light sports aircraft
manufacturer, where he served as chief financial officer. He also
served as chief financial officer of MRV Communications, Inc., a
global provider of packet and optical solutions for service
providers, data center operators and enterprises, and chief
financial officer of GoldPocket Interactive, Inc., a digital and
interactive media technology company, which was acquired by
Tandberg Television, Inc. Mr. King began his career in public
accounting with PricewaterhouseCoopers.
Mr. King holds a bachelor’s degree in business
economics from the University of California, Santa Barbara, and is
a certified public accountant. He, his wife Julie and their four
children reside in Thousand Oaks, Calif.
About Wesco Aircraft
Wesco Aircraft is the world’s leading
distributor and provider of comprehensive supply chain management
services to the global aerospace industry, based on annual sales.
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 565,000 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: “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
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; the company’s ability to retain key
personnel; risks associated with the company’s international
operations, including exposure to foreign currency movements;
environmental risks; risks related to the aerospace industry and
the regulation thereof; risks related to the company’s
indebtedness; 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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