Lee Beaumont Joins Willis Lease Finance Senior Management Team; Veteran Industry Leader Named Executive Vice President for Strategy and Business Development.SAUSALITO, Calif. -- Willis Lease Finance Corporation (Nasdaq:WLFC), a leading lessor of commercial jet engines, today announced it has hired Lee G. Beaumont to the newly created position of Executive Vice President for Strategy and Business Development. "Lee brings substantial in depth aviation industry experience to our Company, and I am delighted to welcome him to our team," said Charles F. Willis, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "His well-rounded background makes him exceptionally well qualified to help us achieve our future growth goals. He knows engines from both the technical and marketing perspectives. This experience is nicely complimented by his finance and accounting credentials. In addition, he has solid relationships with 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. facilities, and airlines, which will serve us well, not only in growing our existing leasing franchise, but also as we evaluate new markets. Initially, Lee will focus on developing and enhancing our current hourly maintenance and pooling agreements in China, Europe and North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . In addition to those responsibilities, he will be working to promote strategic alliances and exploring investment opportunities which can propel Willis Lease to the next level of growth and profitability." Beaumont spent the last two years as a consultant with The Carlyle Group  The of this article or section may be compromised by "weasel words".You can help Wikipedia by removing weasel words. The Carlyle Group is a Washington, D.C. of Washington, DC. Previously, he was with Standard Aero Limited for 17 years, including four years as President of their US subsidiary. Under his leadership the company more than tripled its share of the engine remanufacturing market to 45% and generated more than $400 million in revenue. A 1997 graduate of the Stanford Executive Program, Beaumont holds both Bachelor of Commerce The Bachelor of Commerce is a bachelor's degree in business management, accounting and economic fields. The degree is also known as the Bachelor of Commerce and Administration (BCA). and Bachelor of Sciences degrees 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. . He is a member of the Canadian Institute of Chartered Accountants The Canadian Institute of Chartered Accountants (CICA) is the umbrella body for the Chartered Accountant profession in Canada and Bermuda. Membership of the CICA totals 70,000 Chartered Accountants and 8,500 students. and has lectured at the University of Manitoba on computer accounting systems. About Willis Lease Finance Willis Lease Finance Corporation leases spare commercial aircraft engines, rotable parts and aircraft to commercial airlines, aircraft engine manufacturers and overhaul/repair facilities worldwide. These leasing activities are integrated with the purchase and resale of used and refurbished commercial aircraft engines. |
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