Joe Hete to step down as CEO of ATSG
Air Transport Services Group (ATSG) has announced that Joe Hete will retire as CEO of the aircraft leasing and air transport services company, effective at ATSG’s next annual meeting of shareholders on 7 May 2020. Hete is expected to remain a member of ATSG’s board of directors and to be elected chairman of the board upon his retirement.
Randy Rademacher, currently chairman of the board, is to become the board’s independent lead director. Rich Corrado, who was elected president of ATSG effective 16 September 2019, will become president and CEO and will be nominated for election to ATSG’s board of directors.
“I’m confident that the people I have worked with at ATSG, and those who will follow, will continue to produce results that attract new customers and yield solid returns,” Hete said. (mw)