TORONTO, Dec. 23, 2015 /CNW/ - Magellan Aerospace
Corporation (TSX: MAL) recently announced that effective
January 1, 2016, Ms. Elena Milantoni has been appointed Chief
Financial Officer, succeeding Mr. John
Dekker, who has chosen to retire on December 31, 2015.
Mr. Dekker has been with Magellan Aerospace, and its predecessor
company, for thirty years, with many outstanding contributions to
his credit. Phil Underwood, President and CEO, said "John
leaves Magellan a stronger company, better positioned to deliver
long-term value to our shareholders. We thank John for his
years of service and wish him a long and happy
retirement."
Ms. Elena Milantoni, CPA, CA,
joined Magellan in 2007 as Corporate Controller and Treasurer and
in January 2014 was promoted to the
position of Vice President Finance. "Elena has been an
important member of the Magellan leadership team", said
Phil Underwood, "and throughout 2015
she worked closely with John Dekker
to ensure a smooth transition of the CFO duties and
responsibilities. I am pleased that Elena has accepted the
challenges associated with this role and look forward to working
with her in this capacity."
About Magellan Aerospace
Magellan Aerospace is a global, integrated aerospace company
that provides complex assemblies and systems solutions to aircraft
and engine manufacturers, and defense and space agencies worldwide.
Magellan designs, engineers, and manufactures aeroengine and
aerostructure assemblies and components for aerospace markets,
advanced products for military and space markets, industrial power
generation, and specialty products. Magellan is a public company
whose shares trade on the Toronto Stock Exchange (TSX: MAL), with
operating units throughout Canada,
the United States, the
United Kingdom, India, and Poland.
Forward Looking Statements
Some of the statements in this press release may be
forward-looking statements or statements of future expectations
based on currently available information. When used herein, words
such as "expect", "anticipate", "estimate", "may", "will",
"should", "intend", "believe", and similar expressions, are
intended to identify forward-looking statements. Forward-looking
statements are based on estimates and assumptions made by the
Corporation in light of its experience and its perception of
historical trends, current conditions and expected future
developments, as well as other factors that the Corporation
believes are appropriate in the circumstances. Many factors could
cause the Corporation's actual results, performance or achievements
to differ materially from those expressed or implied by the
forward-looking statements, including those described in the "Risk
Factors" section of the Corporation's Annual Information Form
(copies of which filings may be obtained at www.sedar.com). These
factors should be considered carefully, and readers should not
place undue reliance on the Corporation's forward-looking
statements. The Corporation has no intention and undertakes no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by law.
SOURCE Magellan Aerospace Corporation
