WICHITA,
Kan., Nov. 28, 2023 /PRNewswire/ -- Spirit
AeroSystems, Inc. [NYSE: SPR] today announced the departure of
Sam Marnick, Executive Vice
President and Chief Operating Officer, President, Commercial from
the Company. As part of this transition, Spirit is making
organizational changes to strengthen its focus on quality and
operational performance.
"Sam has been a key member of Spirit's leadership team for a
number of years serving across multiple roles and events in
Spirit's history," said Bob Johnson,
Chairman, Spirit AeroSystems.
"We wish Sam well on future endeavors. She played a pivotal role
in establishing Spirit as an independent company," said
Patrick Shanahan, President and CEO, Spirit AeroSystems. "We
are taking this opportunity to realign to enhance program execution
and integration across operations." As part of this transition,
Shanahan said that Terry George will
serve as interim Senior Vice President, leading site
operations in Wichita, Kan., and
Tulsa, Okla., including
Fabrication, Operations Engineering, Tooling, and
Facilities. Program leaders who previously reported to Marnick
will now report directly to Shanahan.
Spirit AeroSystems, Inc. ("Spirit"), a subsidiary of Spirit
AeroSystems Holdings, Inc. [NYSE: SPR] ("Spirit
AeroSystems").
On the web: www.spiritaero.com
On Twitter: @SpiritAero
About Spirit AeroSystems
Spirit AeroSystems
is one of the world's largest manufacturers of aerostructures for
commercial airplanes, defense platforms, and business/regional
jets. With expertise in aluminum and advanced composite
manufacturing solutions, the company's core products include
fuselages, integrated wings and wing components, pylons, and
nacelles. We are leveraging decades of design and manufacturing
expertise to be the most innovative and reliable supplier of
military aerostructures, and specialty high-temperature materials,
enabling warfighters to execute complex, critical missions.
Spirit also serves the aftermarket for commercial and
business/regional jets. Headquartered in Wichita, Kansas, Spirit has facilities in the
U.S., U.K., France, Malaysia and Morocco. More information is available
at www.spiritaero.com.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains
"forward-looking statements" that may involve many risks and
uncertainties. Forward-looking statements generally can be
identified by the use of forward-looking terminology such as "aim,"
"anticipate," "believe," "could," "continue," "estimate," "expect,"
"goal," "forecast," "intend," "may," "might," "objective,"
"outlook," "plan," "predict," "project," "should," "target,"
"will," "would," and other similar words, or phrases, or the
negative thereof, unless the context requires otherwise. These
statements reflect management's current views with respect to
future events and are subject to risks and uncertainties, both
known and unknown. Our actual results may vary materially from
those anticipated in forward-looking statements. We caution
investors not to place undue reliance on any forward-looking
statements. Important factors that could cause actual results to
differ materially from those reflected in such forward-looking
statements and that should be considered in evaluating our outlook
include, without limitation, the impact of the COVID-19 pandemic on
our business and operations; the timing and conditions surrounding
the full worldwide return to service (including receiving the
remaining regulatory approvals) of the B737 MAX, future demand for
the aircraft, and any residual impacts of the B737 MAX grounding on
production rates for the aircraft; our reliance on Boeing for a
significant portion of our revenues; our ability to execute our
growth strategy, including our ability to complete and integrate
acquisitions; our ability to accurately estimate and manage
performance, cost, and revenue under our contracts; demand for our
products and services and the effect of economic or geopolitical
conditions in the industries and markets in which we operate in the
U.S. and globally; our ability to manage our liquidity, borrow
additional funds or refinance debt; and other factors disclosed in
our filings with the Securities and Exchange Commission. These
factors are not exhaustive and it is not possible for us to predict
all factors that could cause actual results to differ materially
from those reflected in our forward-looking statements. These
factors speak only as of the date hereof, and new factors may
emerge or changes to the foregoing factors may occur that could
impact our business. Except to the extent required by law, we
undertake no obligation to, and expressly disclaim any obligation
to, publicly update or revise any forward-looking statements,
whether as a result of new information, future events, or
otherwise.
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SOURCE Spirit Aerosystems