The man who built Air Methods into the nation’s largest helicopter air ambulance company and was a driving force in the industry during a period of rapid and record growth has retired.
Aaron Todd left the company on August 18 following a tenure that began in 1995 when he joined it as CFO. In 2003, Todd became CEO, succeeding George Belsey. Todd’s departure was not unexpected following Air Methods' transformation from a publicly traded to a privately held company in 2017 as a result of its acquisition by American Securities LLC in a $2.5 billion deal. That transaction provided key company investors and executives, including Todd, with multimillion-dollar stock payouts and other substantial compensation.
Todd has been replaced by aviation industry veteran Stephen Gorman, whose experience includes serving as Executive Vice President and COO of Delta Airlines between 2007 and 2014, Vice President of Operations for Aviall, and current and past board memberships with Aeormexico, Timco Aviation, and Pinnacle Airlines. Most recently, Gorman served as Chief Funding Officer for Nordic Aviation Capital.