Air Industries Group Announces CFO Transition
19 10월 2023 - 9:30PM
Business Wire
Air Industries Group (NYSE American: AIRI) today
announced the promotion of Scott Glassman to Chief Financial
Officer, Principal Accounting Officer and Secretary of the Company
and its subsidiaries. Mr. Glassman, age 46, has served as the
Company’s Chief Accounting Officer since 2019.
Mr. Glassman succeeds Michael Recca, age 73, who has served as
Chief Financial Officer, Principal Accounting Officer and Secretary
of the Company for over 9 years, and has served the Company in
various capacities for over 15 years. Mr. Recca will remain with
Air Industries focusing on special projects related to the
Company’s growth plans in the aerospace sector, while also working
with Mr. Glassman to ensure a seamless transition of CFO
responsibilities.
Mr. Lou Melluzzo, CEO of Air Industries, commented: “I speak for
the whole Air Industries family in saying that we are very pleased
to have Scott Glassman become our new CFO; he has earned the
promotion in spades. We are also deeply grateful to Mike Recca for
his financial leadership all these years; we have relied on both of
these men during some trying times and they did not let us down. A
good CFO is a CEO’s right hand and I personally can’t be thankful
enough for the dedication of both Scott and Mike to the whole Air
Industries family. I am pleased that they both are still people I
can count on in their new roles.”
Mr. Glassman has been employed by Air Industries in various
senior financial positions from 2007 to 2015, and again from 2019
to the present. He holds a Bachelor of Science degree in Accounting
from the State University of New York at Albany and has been a CPA
licensed in the state of NY since 2002.
ABOUT AIR INDUSTRIES GROUP
Air Industries Group (NYSE American: AIRI) is an integrated
manufacturer of precision assemblies and components for leading
aerospace and defense prime contractors and original equipment
manufacturers. The Company is a Tier 1 supplier to aircraft
Original Equipment Manufacturers, a Tier 2 subcontractor to major
Tier 1 manufacturers, and a Prime Contractor to the U.S. Department
of Defense, and is highly regarded for its expertise in designing
and manufacturing parts and assemblies that are vital for flight
safety and performance.
Additional information about the Company can be found in its
filings with the SEC.
Forward Looking Statements
Certain matters discussed in this press release are
'forward-looking statements' intended to qualify for the safe
harbor from liability established by the Private Securities
Litigation Reform Act of 1995. In particular, the Company's
statements regarding trends in the marketplace, future revenues,
earnings and Adjusted EBITDA, the ability to realize firm backlog
and projected backlog, cost cutting measures, potential future
results and acquisitions, are examples of such forward-looking
statements. The forward-looking statements are subject to numerous
risks and uncertainties, including, but not limited to, the timing
of projects due to variability in size, scope and duration, the
inherent discrepancy in actual results from estimates, projections
and forecasts made by management, regulatory delays, changes in
government funding and budgets, and other factors, including
general economic conditions, not within the Company's control. The
factors discussed herein and expressed from time to time in the
Company's filings with the Securities and Exchange Commission could
cause actual results and developments to be materially different
from those expressed in or implied by such statements. The
forward-looking statements are made only as of the date of this
press release and the Company undertakes no obligation to publicly
update such forward-looking statements to reflect subsequent events
or circumstances.
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version on businesswire.com: https://www.businesswire.com/news/home/20231019382708/en/
Air Industries Group Investor Relations 631.328.7078
ir@airindustriesgroup.com
Air Industries (AMEX:AIRI)
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Air Industries (AMEX:AIRI)
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