|BOARD OF DIRECTORS|
|STOCK AND FILINGS|
WILMINGTON, OH - April 1, 2010 – Air Transport Services Group, Inc. (NASDAQ:ATSG) today announced the appointment of industry veteran Rich Corrado to the positions of Chief Commercial Officer of ATSG, and President of Cargo Aircraft Management, Inc. (CAM), ATSG's aircraft leasing and global aviation solution company.
Corrado, 50, will be responsible for the sales and marketing strategy and execution for the ATSG family of companies, as well as full P&L responsibility for CAM. He will report to ATSG President & CEO Joe Hete.
"Rich's knowledge of business development, sales management, and strategic planning--paired with his specific industry experience--will be a great asset for us," said Hete. "ATSG companies provide a wide range of aircraft and transportation service options, and Rich will help our customers get maximum advantage from these integrated services, in order to realize improved efficiencies and lowered costs."
Corrado comes to ATSG from recent roles as Chief Operating Officer of AFMS Logistics Management, and President of Transform Consulting Group. He also held key senior marketing leadership positions in the parcel air express industry, serving as Executive Vice President of Air Services for DHL Express, and Senior Vice President of Marketing for Airborne Express. He holds a BA degree in Economics from Harvard University, and an MBA from Boston College.
"I am excited to be back with the ATSG family and am looking forward to driving sales and marketing programs that harness the value of the combined enterprise into a unique value proposition that integrates the strength of our aircraft assets, with the bundle of additional services that we can deliver for our customers," said Corrado. "Our flexible, turnkey solutions will allow us to offer unmatched programs for our customers' short and long-term aviation needs."
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