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CPI Aerostructures, Inc. (“CPI Aero
®”) (NYSE MKT:CVU) today announced that during the Annual Meeting of Shareholders Terry Stinson was elected to its Board of Directors. Mr. Stinson will serve a three-year term.
Mr. Stinson brings over 45 years of executive leadership in the aerospace and defense industry. Since 2007, Terry was a senior executive with AAR Corp., an international, publicly traded aerospace manufacturing and services company, ending his term there in May 2014 as Executive Vice President. Since 2001, Mr. Stinson has been Chief Executive Officer of his own consulting practice, Stinson Consulting, LLC, engaged in strategic alliances and marketing for the aerospace industry.
From 1998 to 2001, Mr. Stinson was Chairman and Chief Executive Officer of Bell Helicopter Textron Inc., the world’s leading manufacturer of vertical lift aircraft, and served as President from 1996 to 1998. From 1991 to 1996, Mr. Stinson served as Group Vice President and Segment President of Textron Aerospace which included Cessna Aircraft Company. Prior to that position, he was President of the Hamilton Standard Division of United Technologies Corporation, a defense supply company, since 1986.
Mr. Stinson is currently a director of Lennox International Inc., company engaged in the design and manufacture of heating, ventilation, air conditioning and refrigeration products. Mr. Stinson previously served as a director of Triumph Group, Inc., a company engaged in the design, manufacture and repair of aerostructures, aircraft components, subassemblies and systems, from September 2003 to March 2008.
Eric Rosenfeld, CPI Aero’s Chairman, commented, “We are very pleased to have Terry join our Board. As a former senior executive of two Fortune 500 companies, Terry will contribute to our board his extensive aerospace management, marketing and operations experience, as well as his general business expertise developed by serving on other public company boards. We look forward to benefiting from his counsel as we pursue the continued growth of our business.”