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Tue, Nov 20, 2012

Spirit AeroSystems President And CEO To Step Down Next Year

Jeffery Turner Plans To Retire In Early 2013

Jeffrey L. Turner (pictured), The President and Chief Executive Officer of Spirit AeroSystems, has advised the company's Board of his intention to retire in early 2013, after the Board has had an opportunity to conduct a search for and hire a new CEO. Turner will continue to serve as President and CEO until his successor takes office.

The Board convened a special CEO search committee comprised of Spirit Board members Robert Johnson, Tawfiq Popatia, Francis Raborn, Paul Fulchino and Ronald Kadish to begin the CEO search process, targeting qualified internal and external candidates.

"I decided to inform the Board of Directors of my intention to retire in early 2013 to ensure adequate time to find a suitable replacement, and allow for an effective handover of duties," said Jeff Turner, adding "I am proud of the great Company we have formed, the growth we have achieved since 2005 and the solid opportunities for the future. I am now looking forward to the next phase in my life, and handing over the reins to a new CEO to take Spirit forward."

Robert Johnson, Chairman of the Board, expressed the Board's appreciation for Turner's distinguished leadership and contributions as President and CEO of Spirit AeroSystems. "Jeff was instrumental in the formation of Spirit seven years ago, and its strategic global growth as a public company since that time," Johnson said. "The Board of Directors looks forward to working with Jeff as we select a new CEO and begin a comprehensive succession."

FMI: www.spiritaero.com

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