Precision Aerospace Components, Inc. announced Victor Mondo as the new Chief Executive Officer of the Company, effective April 1, 2016. Mr. Mondo brings to the chief executive role substantial leadership experience in operations, sales, marketing and general management experience, including previous leadership roles in the high-end fastener distribution industry. Concurrently, John F. Wachter stepped down as Interim Chief Executive Officer of the Company.

Mr. Wachter remains Chairman of the Board of Directors and Chief Financial Officer of the Company.