AerCap Holdings N.V. Annual General Meeting Approves Appointment of New Non-Executive Board Member and Re-appointment of Five Non-Executive Directors Including the Chairman and Chief Executive Officer

Rhea-AI Summary

AerCap Holdings N.V. (NYSE: AER) announced key board changes at its Annual General Meeting on April 16, 2025. The shareholders approved the appointment of Victoria (Vicky) Jarman as a new Non-Executive Director, bringing her financial management and governance expertise from large public companies to the board.

The AGM also confirmed the re-appointment of Paul T. Dacier as Board Chairman and Aengus Kelly as CEO, along with Non-Executive Directors James Lawrence, Jennifer VanBelle, and Michael Walsh. All appointments are effective from the 2025 AGM for a four-year term.

Richard (Michael) Gradon retired from the Board after 15 years of service, during which he contributed to AerCap's growth into the world's leading aircraft lessor following his joining post the Genesis acquisition.

Positive

• Appointment of new director with extensive financial management and governance experience
• Stability in leadership with re-appointment of Chairman and CEO for 4 more years
• Continuity maintained with re-appointment of three experienced Non-Executive Directors

Negative

• Loss of 15-year veteran board member Michael Gradon and his institutional knowledge

DUBLIN, April 16, 2025 /PRNewswire/ -- AerCap Holdings N.V. ("AerCap") (NYSE: AER) today announced that its Annual General Meeting of Shareholders (AGM) held on April 16, 2025, appointed Victoria (Vicky) Jarman as Non-Executive Director to the Board of Directors (the "Board"), the re-appointment of the Chairman of the Board, Paul T. Dacier and the Company's Chief Executive Officer, Aengus Kelly, together with the re-appointment of Non-Executive Directors James Lawrence, Jennifer VanBelle and Michael Walsh. All appointments are with effect from the close of the Company's annual general meeting of shareholders in 2025 (the "2025 AGM") and are for a period of four years. 

Richard (Michael) Gradon has retired from the Board with effect from the close of the Company's 2025 AGM.

Aengus Kelly, Chief Executive Officer of AerCap, said, "I am delighted to welcome Vicky Jarman to the Board. Vicky brings extensive financial management and governance experience with large publicly listed entities and financial institutions, which the Board of Directors of AerCap believe will greatly benefit the Company. I would also like to congratulate Paul Dacier on his re-appointment as Chairman of the Board for a further four years. Paul's extensive experience and valuable contributions as Chairman have been of tremendous value to AerCap."

"I would also like to thank Michael Gradon for his excellent counsel and guidance during his 15 years of service to the Board of AerCap. Michael joined us in connection with the Genesis acquisition and has played a key role in AerCap's journey to become the number one lessor in the world," added Mr. Kelly.

About AerCap

AerCap is the global leader in aviation leasing with one of the most attractive order books in the industry. AerCap serves approximately 300 customers around the world with comprehensive fleet solutions. AerCap is listed on the New York Stock Exchange (AER) and is based in Dublin with offices in Shannon, Miami, Singapore, Memphis, Amsterdam, Shanghai, Dubai and other locations.

Forward-Looking Statements

This press release contains certain statements, estimates and forecasts with respect to future performance and events. These statements, estimates and forecasts are "forward-looking statements". In some cases, forward-looking statements can be identified by the use of forward-looking terminology such as "may," "might," "should," "expect," "plan," "intend," "will," "aim," "estimate," "anticipate," "believe," "predict," "potential" or "continue" or the negatives thereof or variations thereon or similar terminology. All statements other than statements of historical fact included in this press release are forward-looking statements and are based on various underlying assumptions and expectations and are subject to known and unknown risks, uncertainties and assumptions, and may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied in the forward-looking statements, including but not limited to the availability of capital to us and to our customers and changes in interest rates; the ability of our lessees and potential lessees to make lease payments to us; our ability to successfully negotiate flight equipment (which includes aircraft, engines and helicopters) purchases, sales and leases, to collect outstanding amounts due and to repossess flight equipment under defaulted leases, and to control costs and expenses; changes in the overall demand for commercial aviation leasing and aviation asset management services; the continued impacts of the Ukraine Conflict, including the resulting sanctions by the United States, the European Union, the United Kingdom and other countries, on our business and results of operations, financial condition and cash flows; the effects of terrorist attacks on the aviation industry and on our operations; the economic condition of the global airline and cargo industry and economic and political conditions; the impact of hostilities in the Middle East, or any escalation thereof, on the aviation industry or our business; development of increased government regulation, including travel restrictions, sanctions, regulation of trade and the imposition of import and export controls, tariffs and other trade barriers; a downgrade in any of our credit ratings; competitive pressures within the industry; regulatory changes affecting commercial flight equipment operators, flight equipment maintenance, engine standards, accounting standards and taxes; and disruptions and security breaches affecting our information systems or the information systems of our third-party providers.

As a result, we cannot assure you that the forward-looking statements included in this press release will prove to be accurate or correct. These and other important factors and risks are discussed in AerCap's annual report on Form 20-F and other filings with the SEC. In light of these risks, uncertainties and assumptions, the future performance or events described in the forward-looking statements in this press release might not occur. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. Except as required by applicable law, we do not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

 

 

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SOURCE AerCap Holdings N.V.

FAQ

Who is the new Non-Executive Director appointed to AerCap's (AER) Board in 2025?

Victoria (Vicky) Jarman was appointed as Non-Executive Director to AerCap's Board at the April 16, 2025 AGM.

How long are the new AER Board appointments valid for?

All appointments, including the new director and re-appointments, are effective for a four-year term from the 2025 AGM.

Which AER Board members were re-appointed in the 2025 AGM?

Paul T. Dacier (Chairman), Aengus Kelly (CEO), James Lawrence, Jennifer VanBelle, and Michael Walsh were re-appointed as Board members.

Who retired from AerCap's (AER) Board in 2025?

Richard (Michael) Gradon retired from the Board after 15 years of service, having joined during the Genesis acquisition.