Brett Reynolds, Senior Vice President, Chief Financial Officer and Principal Financial Officer of Air T, Inc. Resigns, Effective April 12, 2019
March 28, 2019 at 04:36 pm EDT
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On March 25, 2019, Brett Reynolds, Senior Vice President, Chief Financial Officer and Principal Financial Officer of Air T, Inc. notified the company that he was resigning from his position, effective April 12, 2019. Mr. Reynolds' resignation was not the result of any disagreement with the Company. A search for a new Chief Financial Officer and Principal Financial Officer is in process.
The Board of Directors has retained an executive search firm and has commenced a search for Mr. Reynold's successor.
Air T, Inc. is a holding company with a portfolio of operating businesses and financial assets. The Company has four segments: Overnight air cargo, Ground equipment sales, Commercial jet engines and parts, and Corporate and other. Overnight air cargo segment operates in the air express delivery services industry. Ground equipment sales segment manufactures and provides mobile deicers and other specialized equipment products to passenger and cargo airlines, airports, military and industrial customers. Commercial jet engines and parts segment manages and leases aviation assets, supplies surplus and aftermarket commercial jet engine components, provides commercial aircraft disassembly/part-out services, commercial aircraft parts sales, and procurement services and overhaul and repair services to airlines. Corporate and other segment acts as the capital allocator and resources for other consolidated businesses. Further, the segment is also comprised of insignificant businesses.
AIR T, INC. 