Wesco Aircraft appoints Todd Renehan to its Board of Directors as new CEO

– USA, CA – Wesco Aircraft Holdings, Inc. (NYSE:WAIR), the world’s leading provider of comprehensive supply chain management services to the global aerospace industry, today announced that it has appointed Todd Renehan as Chief Executive Officer and Alex Murray as President and Chief Operating Officer. Mr. Renehan also has been appointed to the Board of Directors as a Class I Director. David J. Castagnola, previously President, Chief Executive Officer, and a member of the company’s Board of Directors, has retired from these positions. These executive changes were effective April 26, 2017.

Todd Renehan joined Wesco as its Executive Vice President and Chief Commercial Officer in 2014 following Wesco’s acquisition of Haas Group International, where he had served as President.

“I am honored to take the helm at Wesco Aircraft,” said Mr. Renehan. “I am confident we will continue to make progress toward realizing our growth and profitability goals while building on our solid platform to offer an even more compelling value proposition with superior customer service. I believe in the company’s future and our ability to deliver for customers, create opportunities for employees, and enhance value for shareholders for years to come.”

Mr. Murray, now President and Chief Operating Officer, has served as Wesco’s Executive Vice President and Chief Operations Officer since 2010 and has served in various other capacities at Wesco since 2000.

“I look forward to advancing Wesco’s strategies and operational execution in this new role as President and COO,” said Mr. Murray. “Todd and I work well together, and I am pleased to step into this role to support our mutual goals of accelerated growth and expanded leadership in the industry for Wesco Aircraft.”

“Todd is an accomplished senior executive who has demonstrated his expertise in global operations, sales and marketing since joining Wesco,” said Chairman of the Board Randy J. Snyder. “He has proven his ability to drive revenue growth, with many new business wins announced over the past several quarters, and has shown he can skillfully move from vision and strategy to execution and implementation. The Board is confident that Todd will be able to foster a high-performing team and deliver strong results.”

“Alex also brings hands-on leadership experience as well as demonstrated operational expertise to his new role as President and COO. Alex has played a key role in developing our customer relationships, in addition to overseeing Wesco’s global operations infrastructure across 17 countries,” continued Mr. Snyder.

“We appreciate Dave Castagnola’s work over the last two years to advance the company’s competitive position, including implementing new processes, focusing on cost structure optimization and completing the integration of Haas Group. We thank Dave for his dedicated service and wish him well,” concluded Mr. Snyder.

About Todd Renehan

Mr. Renehan joined Wesco as Executive Vice President and Chief Commercial Officer following Wesco’s acquisition of Haas Group International, where he served as President from 2013 until the acquisition in 2014. From 2010 to 2013, Mr. Renehan was Executive Vice President and Chief Commercial Officer of Haas Group International. In 2010, Mr. Renehan served as Chief Commercial Officer for Damco, a division of Maersk, and from 1985 to 2009, he worked in various capacities for global transportation services provider Ryder System, Inc., ultimately serving as Executive Vice President of Sales, Marketing and Rental.

About Alex Murray

Mr. Murray joined Wesco in 2000 and has served as Executive Vice President and Chief Operations Officer (previously, Vice President of Global Operations) since 2010. He previously served as the company’s EU Managing Director from 2005 to 2010, Director of Contract Business from 2003 to 2005 and Logistics Manager from 2000 to 2003. Prior to Wesco, Mr. Murray’s career in the logistics, procurement and supply chain industries started at BAE Systems, a global defense, security and aerospace company.

About Wesco Aircraft

Wesco Aircraft is the world’s leading distributor and provider of comprehensive supply chain management services to the global aerospace industry, based on annual sales. The company’s services range from traditional distribution to the management of supplier relationships, quality assurance, kitting, just-in-time delivery and point-of-use inventory management. The company believes it offers one of the world’s broadest portfolios of aerospace products, including C-class hardware, chemical and electrical and comprised of more than 565,000 active SKUs.

For more information : http://www.wescoair.com

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