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Leadership succession plan announced by AerCap Holdings NV.


AerCap Holdings NV (NYSE: AER) yesterday announced that its board of directors has accepted that Klaus Heinemann has chosen not to renew his contract and will retire as the Company's CEO and a member of the board of directors.

Following Heinemann reaching his retirement age in 2011 the board of directors will propose that Aengus Kelly, currently CEO of AerCap Inc and responsible for AerCap's operations in the Americas, be appointed as member of the board of directors.

Following the appointment as director by the Annual General Meeting the board of directors will appoint Kelly as the company's CEO.

Changes are expected to be implemented from the date of the company's 2011 Annual General Meeting which is scheduled to take place in May 2011.

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Publication:M2 Best Books
Date:Oct 5, 2010
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