Air Transport Services Group announced that its Board of Directors has appointed Joe Hete, current Chairman of the Board and the company’s former longtime Chief Executive Officer, as ATSG‘s CEO, effective immediately. Hete succeeds Rich Corrado, who is leaving his role as CEO of the company, effective immediately. Hete will continue as Chairman of the Board. Randy Rademacher, Lead Independent Director, said, “After careful consideration by the Board, we determined that Joe is the right leader to accelerate our strategy and capitalize on the long-term opportunities ahead. As Chairman for the past three years and having previously served as CEO of ATSG for 17 years, Joe has extensive knowledge of our business and its competitive position within the industry. He is uniquely qualified to step into this role to optimize our current performance and position ATSG for the future. Under Joe’s leadership, we believe the Company will be well-positioned to continue building on its strong foundation, solidifying its market-leading position, and working to deliver meaningful value for our shareholders.”
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