AAR names Lori Knudson Vice President, Chief Ethics and Compliance Officer

Rhea-AI Summary

AAR (NYSE: AIR) announced the appointment of Lori Knudson as Vice President and Chief Ethics and Compliance Officer, effective October 20, 2021. Knudson will report to General Counsel Jessica Garascia and will oversee AAR’s compliance function, enhancing the company's commitment to ethical standards. Previously, she held a Senior Vice President role at Aegion Corporation, managing compliance and risk. AAR's executives expressed confidence in her ability to foster a strong culture of compliance within the organization.

Positive

• Appointment of Lori Knudson as Chief Ethics and Compliance Officer enhances AAR's compliance program.
• Lori brings extensive experience in compliance and risk management from her previous role at Aegion Corporation.

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• None.

Wood Dale, Oct. 20, 2021 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs and OEMs, announced that Lori Knudson has joined the company as Vice President, Chief Ethics and Compliance Officer. Knudson will report to Jessica Garascia, AAR Vice President, General Counsel and Secretary, and will be responsible for oversight of AAR’s compliance function. 

“We are excited to add Lori to our legal team, where she will enhance our compliance program and continue to ensure we are adhering to the highest ethical principles,” said Jessica Garascia. 

“Lori’s appointment as an officer of AAR underscores the importance we place on compliance. We are confident Lori will continue to help drive a culture of compliance and integrity at AAR,” adds John Holmes, AAR President & CEO.

Knudson was most recently with Aegion Corporation, serving as Senior Vice President, Compliance, Risk and Internal Audit, where she was responsible for overseeing enterprise risk management and global compliance. Knudson began her career as an attorney with the law firm of Thomson Coburn. She holds a bachelor’s degree from University of Rochester and a juris doctorate from St. Louis University School of Law.

To learn more about AAR´s ethics and compliance program, please visit https://www.aarcorp.com/investor-relations/code-of-conduct/. If you want to access Lori Knudson´s bio, please visit https://www.aarcorp.com/about/lori-knudson/.

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About AAR
AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR’s Aviation Services include Parts Supply; OEM Solutions; Integrated Solutions; and Maintenance, Repair and Overhaul (MRO) Services. AAR’s Expeditionary Services include Mobility Systems operations. Additional information can be found at www.aarcorp.com.

This press release contains certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995 which reflect management’s expectations about future conditions. Forward-looking statements may also be identified because they contain words such as ‘‘anticipate,’’ ‘‘believe,’’ ‘‘continue,’’ ‘‘could,’’ ‘‘estimate,’’ ‘‘expect,’’ ‘‘intend,’’ ‘‘likely,’’ ‘‘may,’’ ‘‘might,’’ ‘‘plan,’’ ‘‘potential,’’ ‘‘predict,’’ ‘‘project,’’ ‘‘seek,’’ ‘‘should,’’ ‘‘target,’’ ‘‘will,’’ ‘‘would,’’ or similar expressions and the negatives of those terms. These forward-looking statements are based on beliefs of Company management, as well as assumptions and estimates based on information currently available to the Company and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated. For a discussion of these and other risks and uncertainties, refer to “Risk Factors” in our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Should one or more of these risks or uncertainties materialize adversely, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described. These events and uncertainties are difficult or impossible to predict accurately and many are beyond the Company’s control. The Company assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

Attachment

• Lori Knudson - AAR Vice President, Chief Ethics and Compliance Officer

FAQ

Who is Lori Knudson and what is her role at AAR?

Lori Knudson is the newly appointed Vice President and Chief Ethics and Compliance Officer at AAR, responsible for overseeing the company's compliance function.

What is the significance of Lori Knudson's appointment for AAR?

Her appointment underscores AAR's commitment to ethics and compliance, aiming to enhance the company's compliance culture.

When was Lori Knudson appointed at AAR?

Lori Knudson was appointed as Vice President, Chief Ethics and Compliance Officer on October 20, 2021.

What experience does Lori Knudson bring to AAR?

Lori Knudson previously served as Senior Vice President at Aegion Corporation, where she managed compliance, risk, and internal audit.

How does AAR view compliance and ethics with Knudson's appointment?

AAR sees the appointment of Knudson as a significant step in reinforcing its culture of integrity and compliance.