Spirit AeroSystems announces CEO transition

Spirit AeroSystems has announced that Larry Lawson, its president and CEO, has informed its Board of Directors of his decision to retire on 31^st July 2016. Lawson joined Spirit in 2013 and is credited with transforming the company's performance through operational excellence, organisational realignment, talent development and business fundamentals.

Bob Johnson, board chairman commented: "Larry Lawson has been a tremendous leader for Spirit. Under Larry's leadership the company's financial health has greatly improved, as has its operational performance. Larry has been the catalyst that enabled Spirit to stabilise critical maturing programs, divest non-profitable business jet programs, transform operations across the enterprise, build a great team and win new business which has solidified the foundation for future growth."

Spirit's Board of Directors also announced that chief operating officer Tom Gentile will take over as president and CEO following Lawson's retirement, and will transition into the new role over the next several weeks.

"The board carefully considered the leadership skills and attributes needed as Spirit continues to evolve and grow," Johnson said. "We are delighted to have someone of Tom's calibre, with a strong history at GE, proven operational success in deeply technical domains, great relationship building skills and the ability to adapt across industries. Tom will be instrumental in architecting our future."

"Tom and I have worked in tandem since his arrival at Spirit as he has been absorbing the details of our business, and I am confident he is the right leader for the future of this enterprise." Lawson said.

Gentile joined Spirit earlier this year, assuming responsibility and oversight of all Spirit programs as well as all aspects of engineering, operations and business development. Prior to joining Spirit, Gentile spent two decades in leadership roles at GE, including president and CEO of GE Aviation Services and GE Healthcare Systems. Gentile will continue to work closely with Lawson over the next several weeks to ensure a smooth transition.

"I am thrilled to have the opportunity to lead this company and its incredible employees," Gentile said. "I've spent the last couple of months deeply embedded in the business – visiting the sites, meeting the teams, and assessing Spirit's expertise, capabilities and opportunities for growth. The more I learn, the more excited I am about our future."

www.spiritaero.com