AeroCentury Corp. Announces Appointments at Management Company.
BURLINGAME, Calif., May 2 /PRNewswire-FirstCall/ -- AeroCentury Corp. , an independent aircraft leasing company, today released information on two recent management appointments to the operations group of its management company, JetFleet Management Corp. ("JMC JMC Joint Military Commission
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Marc J. Anderson, Senior Vice President and Chief Operating Officer Chief Operating Officer (COO)
The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of JMC, announced the recent hiring of Byron E. Hurey, as Vice President -- Aircraft Acquisitions and Frank J. Pegueros, as Director -- Aircraft Research, as additions to the operations group that he heads.
As Vice President -- Aircraft Acquisitions, Mr. Hurey is responsible for identifying, recommending and closing aircraft acquisition and lease opportunities. Mr. Hurey is a former naval aviator and has held significant marketing and sales positions in the aerospace and financial community over the past thirty years. Among his past responsibilities were positions at Gates Learjet, PLM (Product Life cycle Management) A comprehensive information system that coordinates all aspects of a product from initial concept to its eventual retirement. Sometimes called the "digital backbone" of a product, it includes the requirements phase, analysis and design International, ATEL Financial Corporation and Sansome Street Holdings. Mr. Hurey is a graduate of Cornell University Cornell University, mainly at Ithaca, N.Y.; with land-grant, state, and private support; coeducational; chartered 1865, opened 1868. It was named for Ezra Cornell, who donated $500,000 and a tract of land. With the help of state senator Andrew D. with a degree in Business Administration.
As Director -- Aircraft Research, Mr. Pegueros is responsible for maintaining all of JMC's market research and industry databases. Mr. Pegueros served in a variety of positions of increasing responsibility with United Airlines over a twenty-year period. Initially as power plant engineer and finally as a senior aircraft sales executive, he was a member of the United's aircraft team responsible for aircraft acquisitions and sales as well as lender negotiations. Mr. Pegueros is a graduate of Cal Poly Cal Poly may refer to:
That branch of engineering concerned primarily with the special problems of flight and other modes of transportation involving a heavy reliance on aerodynamics or .
"Mr. Anderson has successfully guided the expansion of the Company's aircraft portfolio for the last thirteen years," said Neal Crispin, President of AeroCentury. "The additional management positions added to JMC's operations group headed by Mr. Anderson is reflective of the critical role that Mr. Anderson and his group play in the success of JMC and AeroCentury. The portfolio growth to date has been accomplished with a small, but efficient and hardworking staff of highly trained and experienced professionals, who achieved great things under Mr. Anderson's management." Mr. Crispin continued, "These additions to the staff will enable JMC to continue to even better serve AeroCentury, giving us greater depth and breadth of skill and experience."
"As management company for AeroCentury, JMC will be responsible for AeroCentury's portfolio growth funded by the financings AeroCentury executed in April 2007," Mr. Crispin added. "I look forward to working closely with Mr. Anderson, and the entire JMC team, including Mr. Hurey and Mr. Pegueros, as we all pull together to move the Company forward through its next phase of growth."
CONTACT: Toni Perazzo of Chief Financial Officer of AeroCentury, +1-650-340-1888
Web site: http://www.aerocentury.com/