Air Transport Services Group (ATSG) board of directors has elected current chief operating officer Richard Corrado, as president of the aircraft leasing and air transport services company.
His appointment is effective from 16 September 2019 and he will be responsible for setting goals and oversight of all ATSG businesses. Joseph Hete remains chief executive officer and a director of ATSG.
The ATSG board also elected Edward J. Koharik III, as chief operating officer of ATSG, succeeding Corrado, also effective from 16 September 2019. He was most recently senior vice president of FlightSafety International in New York City.
Randy Rademacher, board chairman of ATSG, said that Corrado’s appointment as president represents a key step in management succession at ATSG, where Hete has served as president, chief executive officer and a director since the formation of ATSG as a public company in 2003. Hete will focus primarily on ATSG’s strategic planning and management team development as chief executive officer.
Corrado was elected chief operating officer of ATSG in September 2017 after seven years as chief commercial officer and president of ATSG’s Cargo Aircraft Management (CAM) subsidiary.
Corrado said he looks forward to working with Hete and the rest of the ATSG management team: “Listening to customers, building solutions that meet their needs, and executing those solutions effectively, are no less important in our industry than in any other,” Corrado said.
“No other company in the world can compete with our bundle of services for midsize freighters, including leasing, air express operations, heavy maintenance, freighter conversions, and logistics services.
“I am eager to take on a new role as president to help leverage our exceptional assets and lead our dedicated employees to deliver even greater results for shareholders.”
ATSG through its leasing and airline subsidiaries, is the world’s largest owner and operator of converted Boeing 767F aircraft. Subsidiaries include ABX Air, Pemco World Air Services, Air Transport International, and Omni Air International.