Richard L. Johnson Named President Of D3 Technologies Inc., A Subsidiary Of LMI Aerospace, Inc.
ST. LOUIS, Oct. 21, 2010 (GLOBE NEWSWIRE) -- LMI Aerospace, Inc. (Nasdaq:LMIA), a leading provider of design engineering services, structural components, assemblies and kits to the aerospace, defense and technology industries, today announced the appointment of Richard L. Johnson as President of D3 Technologies Inc. ("D3"), a wholly owned subsidiary of LMI Aerospace, Inc. ("LMI"), effective as of November 1, 2010.
Mr. Johnson, age 60, has served in various executive and managerial positions with Gulfstream Aerospace Corporation. In 1997 he was appointed Vice President, Chief Engineer; in 2003, Vice President, Engineering; and in 2009, Vice President, Chief Scientist. During peak periods Mr. Johnson was responsible for approximately 1,050 engineers, working on new product development, sustaining engineering on existing products, and providing service engineering support for legacy products. Major programs included the G350/450, G500/550 and G650. His most recent responsibilities included directing advancements in design, materials, systems and cockpit technologies. Mr. Johnson has a BS in Aerospace Engineering from the University of Cincinnati.
"Dick is a great addition to the D3 and LMI team," said Ron Saks, Chief Executive Officer of LMI. "As LMI increases its focus on providing integrated design and build services to our customers, and D3 continues to grow its legacy engineering services business, Dick's technical expertise along with his experience in engineering operations and management, especially the project management of large, complex programs, will allow D3 and LMI to strengthen their position in the aerospace market."Ryan Bogan, D3's current President and Chief Executive Officer, shall continue in his capacity of Chief Executive Officer of D3. Mr. Bogan will transition the responsibility for D3's day-to-day operations to Mr. Johnson and, as of January 1, 2011, he will take a sabbatical for approximately one year to complete his Masters of Business Administration degree. During his sabbatical, Mr. Bogan will continue to provide consultation on key policy, strategic and management decisions to Mr. Johnson, but the Company intends that Mr. Johnson will have responsibility for the operations of D3 and will report directly to Mr. Saks. Additionally, Mr. Bogan will continue to consult with Mr. Saks and the LMI Board of Directors on matters of significant importance to D3 and LMI.
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