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New CFO at Wesco Aircraft

Richard J. Weller has been appointed chief financial officer and executive vice president at Wesco Aircraft Holdings Inc. Weller replaces Gregory Hann who retired in March from the Valencia aerospace supplier. The appointment was effective Thursday. Prior to Wesco, Weller had been vice president and global controller for Ingersoll-Rand plc, an Irish industrial-products manufacturer. He also served in senior-level financial and management positions at Textron Inc., a supplier to the aerospace, defense and automotive industries based in Providence, R.I. “I plan to bring a disciplined approach to our finance organization, working with President and Chief Executive Officer Dave Castagnola and the rest of the Wesco management team to instill greater rigor in financial processes, planning and analysis,” Weller said in a prepared statement. Wesco supplies hardware, tools, electrical products and machined parts to commercial and military aircraft manufacturers and has about 2,700 employees in 19 countries. It became a public company in 2011 as part of the long-term exit strategy by its main investor, Washington D.C. private equity firm Carlyle Group, which has a 24 percent stake. Shares closed down 15 cents, or just less than 1 percent, to $15.97 on the New York Stock Exchange.

Mark Madler
Mark Madler
Mark R. Madler covers aviation & aerospace, manufacturing, technology, automotive & transportation, media & entertainment and the Antelope Valley. He joined the company in February 2006. Madler previously worked as a reporter for the Burbank Leader. Before that, he was a reporter for the City News Bureau of Chicago and several daily newspapers in the suburban Chicago area. He has a bachelor’s of science degree in journalism from the University of Illinois, Urbana-Champaign.

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