Sat, Jun 11, 2011
Firm Announces Organizational Changes
Bill Peacher, Chief Executive Officer of NORDAM, announced this
week that he would step down from his current position at NORDAM's
mid-year board meeting. He plans to continue to serve on the
Company's Board and will act as a financial consultant to the
Company. "This is in accordance with NORDAM's long-term succession
plan to return the leadership of the Company to a member of the
Siegfried family," Peacher said.
Meredith Siegfried, currently NORDAM's President, is expected to
be elected CEO at the Company's July Board Meeting. Ken Lackey,
Executive Chairman, and Hastings Siegfried, Vice Chairman and COO
of the Transparency Group, will maintain their respective
positions.
Peacher had been a long-time financial consultant to NORDAM
prior to joining the company as its Chief Financial Officer in
2002. He assumed the additional position of COO of the Repair
Division in 2006. He became CEO of NORDAM in July 2009.
Lackey said Peacher guided NORDAM through one of the most
difficult periods in the Company's and nation's history, and his
financial and negotiating skills were critical to NORDAM's past
success and will be necessary to achieve the company's future
growth potential.
NORDAM, headquartered in Tulsa, Okla., is one of the largest
independently owned aerospace companies in the world. NORDAM
designs, certifies and manufactures integrated propulsion systems,
nacelles and thrust reversers for business jets. The company
employs over 2,000 people around the globe, with facilities in the
US, UK, Mexico and Singapore.
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