This week, Adam
Aircraft told ANN a new face will soon be seen at the company's
Englewood, CO headquarters. He's Chris Naro, who was named Chief
Financial Officer for the aircraft manufacturer.
In his new role, Naro will report to Adam Aircraft Chairman and
CEO Rick Adam, and will be responsible for all finance and
accounting functions. Among his many duties as CFO, his
responsibilities will focus on raising capital, financial planning,
working closely with the Chief Operating Officer on ramping
aircraft production, and managing continuous improvement programs
geared toward improving production and cost efficiencies.
"We welcome Chris as an integral and timely addition to our
team," said Rick Adam. "As we enter a period of rapid growth and
expansion, Chris' depth of experience in managing critical finance,
manufacturing and strategic initiatives with high-growth
enterprises will prove indispensable."
Mr. Naro will also be a key member of the Executive Team that
will prioritize future markets and product development initiatives
for Adam Aircraft.
Prior to joining Adam Aircraft, Naro served in senior finance
and business roles over a 22-year career. Significantly, he was the
Vice President of Finance and Strategic Analysis for the $10
billion Aerospace Business Unit of Honeywell International. At
Honeywell he was responsible for the overall financial performance
of the Aerospace Business where his activities involved the
implementation of manufacturing productivity and efficiency
programs, M&A, financial and strategic planning, as well as the
post-merger integration of the aerospace businesses of AlliedSignal
and Honeywell.
Mr. Naro has also served as a consultant with McKinsey & Co.
and has extensive international experience, including several
European and Asian assignments. Other significant
manufacturing-related positions include his most recent post at
StorageTek in Louisville, Colorado, where he served as the Chief
Financial Officer of its largest business unit. Naro holds a BChE
in Chemical Engineering from the University of Delaware and an MBA
in finance from The Wharton School of Business at the University of
Pennsylvania.
"We welcome Chris as an integral and timely addition to our
team," said CEO Rick Adam. "As we enter a period of rapid growth
and expansion, Chris' depth of experience in managing critical
finance, manufacturing and strategic initiatives with high-growth
enterprises will prove indispensable."
Adam Aircraft's A500 twin-piston aircraft has been Type
Certified for limited VFR operations by the FAA, and is currently
undergoing tests for its full cert. The company's A700 AdamJet VLJ
is also undergoing flight testing and development.
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