First Aviation Services, Inc. (FAVS: OTC Link) | First Aviation Announces Management Changes

First Aviation Announces Management Changes

May 18, 2012

OTC Disclosure News Service

Westport, CT –

First Aviation Announces Management Changes

 

WESTPORT, CT, May 18, 2012 – First Aviation Services Inc. today announces several senior executive changes at the Company and its operating subsidiary.

Mr. Andrew R. Trosper has been named President and Chief Operating Officer of Aerospace Products International, Inc. (API) effective June 15, 2012.  Mr. Trosper has served as API’s Senior Vice President since he joined the Company in 2010.  Prior to joining API, Mr. Trosper held various positions during a twenty-two year career at Honeywell Aerospace.

Dr. Ahmed M. Metwalli, President of Aerospace Products International, Inc. and Chief Operating Officer of First Aviation, will retire from the Company effective June 15, 2012.   “We are very grateful for the five years of service that Ahmed provided API and First Aviation and the smooth transition that he coordinated with his successor,” said Mr. Hollander.  “During his tenure, Ahmed led the transformation of the company’s business portfolio which resulted in the significant profitable growth of our Supply Chain Management and Military and Government lines of business. He has also elevated the Company’s international profile and brought valuable experience to our organization. We wish Ahmed well in his future activities.”

Mr. Hollander also welcomed Mr. Trosper to his new role: “We are very fortunate to have Andy Trosper on our team. In the two years since joining API, he has added an impressive level of operational control and management expertise.  Andy is a well-tested executive who knows our industry well and we look forward to API’s future under his leadership.”

Additionally, Mr. Joshua T. Krotec has been named to the newly created position of Senior Vice President, First Aviation Services, Inc.  Mr. Krotec has been with the Company since 2000, most recently serving as Vice President of Strategy Business Development for both API and First Aviation Services.

Both Andy and Joshua will report directly to Mr. Aaron P. Hollander, Chairman and Chief Executive Officer of First Aviation Services, Inc.

First Aviation Services Inc., (“FAvS”) located in Westport, Connecticut, through its principal operating subsidiaries Aerospace Products International, Inc., (“API”) based in Memphis, TN, Aerospace Turbine Rotables, Inc. (“AeTR”) in Wichita, KS, and Piedmont Propulsion Systems, LLC (“PPS”) in Winston-Salem, NC is a leading provider of services to the aviation industry worldwide.  With locations in the U.S., Canada, Asia Pacific and China plus partners throughout the world, FAvS is a leading provider of aviation products, supply chain management services, repair and overhaul and technology solutions to the industry.

More information about FAvS and its subsidiaries may be found on the company’s website, www.firstaviation.com.  Please see our forward looking statements at www.firstaviation.com/forward.

 

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Contact:           James G. Howell II

                        Chief Financial Officer

                        First Aviation Services Inc.

                        (901) 259-4502

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/FAVS/news?id=47815

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