Brad Forsyth To Join Willis Lease Finance as Chief Financial Officer.SAUSALITO, Calif. -- Willis Lease Finance Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : WLFC), a leading lessor One who rents real property or Personal Property to another. A lessor of land is a landlord. Cross-references Landlord and Tenant. lessor n. the owner of real property who rents it to a lessee pursuant to a written lease. of commercial jet engines, today announced Brad Forsyth will be named its Chief Financial Officer, following the resignation of Robert M. Warwick, which will be effective January 31, 2007. Mr. Forsyth will join the company on January 1, 2007. "Brad Forsyth brings a strong finance background and solid experience in the aerospace, and more specifically the aircraft engine industry to our growing company. Having worked with him for many years at Standard Aero, I am delighted to welcome him to our management team," said Lee Beaumont, Executive 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. . "Bob has decided to leave the Company for personal reasons. We appreciate his hard work and dedication over the past eighteen months, which have been exceptionally demanding on our finance group. We wish him well in the future," said Charles F. Willis, President and Chief Executive Officer. Since 1994, Forsyth has been employed in positions of increasing responsibility with Standard Aero and currently serves as Vice President of Finance, providing financial management support to nine business units with $800 million in annual sales. Formerly, he was with Price Waterhouse (now PriceWaterhouse Coopers) practicing in their audit and tax departments. He is a Chartered Accountant char·tered accountant n. Chiefly British Abbr. CA A member of one of the institutes of accountants granted a royal charter. and graduated with honors from the University of Manitoba Location The main Fort Garry campus is a complex on the Red River in south Winnipeg. It has an area of 2.74 square kilometres. More than 60 major buildings support the teaching and research programs of the university. with a Bachelors of Commerce degree. Willis Lease Finance Corporation leases spare commercial aircraft engines, parts, and aircraft to commercial airlines, aircraft engine manufacturers and maintenance, repair and overhaul Maintenance, Repair and Overhaul or MRO is a multi-billion dollar industry which works on international authorization rules to deliver a safe airline operation and to assure reliability and availability of customer fleets. providers. These leasing activities are integrated with the purchase and resale of used and refurbished commercial aircraft engines. |
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