April 20, 2016
VANCOUVER: Avcorp Industries Inc. (TSX: AVP) (the “Company”, “Avcorp” or the “Avcorp Group”) today announces that effective April 22, 2016, Mark van Rooij has decided to resign his role as President and CEO of Avcorp, Delta. Additionally, Mr. van Rooij has also elected not to stand for re-election as a Director of Avcorp at the Company’s upcoming Annual and General Meeting. The Company and Mr. van Rooij have agreed upon a separation arrangement consistent with his current employment contract.
“Mark has made a significant contribution to the ability of Avcorp to move forward with a strategy that our customers endorse, and Mark played an important role in the completion of the Hitco Aerostructures acquisition,” said Peter George, CEO of the Avcorp Group.
After joining Avcorp Industries in 2007, Mark van Rooij played an important role in streamlining the organization and stabilizing the company’s performance, especially during the difficult economic downturn the industry experienced in 2009 and 2010. As well, during his tenure, Avcorp successfully brought in the contract for the assembly of the Outboard Wings on the F-35 Joint Strike Fighter, and completed the acquisition and turn-around at Comtek Advanced Structures, in Burlington, Ontario.
The Company would like to thank Mr. van Rooij for all of his efforts, and wishes him all the best in his future endeavours.
Avcorp also wishes to announce the following promotions, reporting directly to Peter George, CEO of the Avcorp Group:
- Ed Merlo has been promoted to Chief Financial Officer, Avcorp Group.
- Amandeep Kaler has been promoted to General Manager of Avcorp Industries.
- Ken McQueen has been promoted to Vice President of Human Resources, Avcorp Group.
Going forward Avcorp has realigned its overall organizational structure and leadership team. Top leaders at each of the current three sites: Amandeep Kaler, GM at Avcorp Industries, in Delta, BC; Brent Collver, President at Comtek Advanced Structures, in Burlington, Ontario, and Jim Renaud, GM Commercial, and Marty Jones GM Defense, at Avcorp Composite Fabrication, in Gardena, California, will report directly to Peter George, CEO of the Avcorp Group.
The Avcorp Group designs and builds major airframe structures for some of the world’s leading aircraft companies, including BAE Systems, Boeing, Bombardier, Fuji Heavy Industries and Lockheed Martin. The Avcorp Group has more than 50 years of experience, over 800 skilled employees and 636,000 square feet of facilities. Avcorp Structures & Integration located in Delta British Columbia, Canada is dedicated to metallic and composite aerostructures assembly and integration; Avcorp Engineered Composites located in Burlington Ontario, Canada is dedicated to design and manufacture of composite aerostructures, and Avcorp Composite Fabrication located in Gardena California, USA has advanced composite aerostructures fabrication capabilities for composite aerostructures. The Avcorp Group offers integrated composite and metallic aircraft structures to aircraft manufacturers, a distinct advantage in the pursuit of contracts for new aircraft designs, which require lower-cost, light-weight, strong, reliable structures. Comtek Advanced Structures Ltd., at our Burlington, Ontario, Canada location also provides aircraft operators with aircraft structural component repair services for commercial aircraft.
Avcorp Composite Fabrication Inc. is wholly owned by Avcorp US Holdings Inc. Both companies are incorporated in The State of Delaware, USA, and are wholly owned subsidiaries of Avcorp Industries Inc.
Comtek Advanced Structures Ltd., incorporated in the Province of Ontario, Canada, is a wholly owned subsidiary of Avcorp Industries Inc.
Avcorp Industries Inc. is a federally incorporated reporting company in Canada and traded on the Toronto Stock Exchange (TSX:AVP).
Sandi DiPrimo, Investor Relations Contact | 604-587-4938