New AAR CEO Named Amid Company Transformation

Chairman and Chief Executive Officer of AAR Corp., David P. Storch, has announced his plan to retire as CEO after 39 years with the Company effective May 31, 2018.  AAR President and Chief Operating Officer John M. Holmes was elected by the Board of Directors at its regularly scheduled quarterly meeting to become CEO effective June 1, 2018.  Storch will continue to lead the Board as its non-executive Chairman and work alongside Holmes on business strategy, talent development and industry relations.

Holmes joined AAR from investment banking 16 years ago as Director of Mergers and Acquisitions, became General Manager of AAR’s parts trading business in 2003, and progressively assumed responsibility for the other solutions that comprise Aviation Services – Integrated Supply Chain, OEM Aftermarket Solutions, Intelligent Solutions and MRO Services – culminating in becoming President and Chief Operating Officer of AAR on June 1, 2017.