Wesco Aircraft Appoints Daniel C. Snow Executive Vice President of Strategy and Business Process Development
By Business Wire News
By Business Wire News
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, strategy and business process development. Mr. Snow will lead Wesco’s accelerated integration with Haas Group and the development and deployment of comprehensive business processes.
Dave Castagnola, president and chief executive officer, said, “We are pleased to have Dan join Wesco Aircraft. He brings extensive experience in large company integration, strategic planning, business development, operational excellence and Policy Deployment. Dan led the integration of the landing gear and wheels and brakes units at UTC Aerospace Systems, reporting to me. In addition to driving the Haas integration and business process development, Dan will lead our strategic planning activities, working with the rest of the executive leadership team to establish vision, goals and objectives for the organization.”
Mr. Snow was most recently 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 operations, as well as 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 holds a diploma in Aerospace Management and a Masters 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 inventories of aerospace products, comprised of more than 600,000 active stock keeping units, including hardware, bearings, tools, electronic components, machined parts and chemicals. Wesco Aircraft has more than 2,700 employees across 82 locations in 19 countries.
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.
This press release contains forward-looking statements (including within the meaning of the Private Securities Litigation Reform Act of 1995) concerning Wesco Aircraft Holdings, Inc. These statements may discuss goals, intentions and expectations as to future plans, trends, events, results of operations or financial condition, or otherwise, based on current beliefs of management, as well as assumptions made by, and information currently available to, management. In some cases, readers can identify forward-looking statements by the use of forward-looking terms such as “aim,” “anticipate,” “believe,” “plan,” “could,” “would,” “should,” “estimate,” “expect,” “forecast,” “future,” “guidance,” “intend,” “may,” “will,” “possible,” “potential,” “predict,” “project” 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.
Factors that could cause actual results to differ materially from those in the forward-looking statements include: 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 successfully integrate the acquired business of Haas Group Inc. in a timely fashion; failure 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; the company’s ability to retain key personnel; risks associated with the company’s international operations, including exposure to foreign currency movements; fluctuations in the company’s financial results from period-to-period; risks associated with assumptions the company makes in connection with its critical accounting estimates (including goodwill) and legal proceedings; the company’s ability to establish and maintain effective internal control over financial reporting; environmental risks; risks related to the handling, transportation and storage of chemical products; the company’s dependence on third-party package delivery companies; 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. All forward-looking statements included in this news release (including information included or incorporated by reference herein) are based upon information available to the company as of the date hereof, and the company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Wesco Aircraft Holdings, Inc.
Vice President, Investor Relations