CHESHIRE, Conn.--(BUSINESS WIRE)--EDAC Technologies Corporation (“EDAC” or the “Company”), a leading supplier of precision machined and composite components and assemblies to the aerospace and industrial sectors, announced today the appointment of J. Mark McDonald as President and Chief Executive Officer. Mr. McDonald joins EDAC from Rolls Royce, where he served as Chief Operating Officer and Executive Vice President of Energy, and previously as Chief Operating Officer of Civil Aerospace.
Current EDAC CEO Dominick A. Pagano is retiring but will remain with the Company for a period of time to facilitate a smooth transition and will also continue to serve thereafter as a member of EDAC’s Board of Directors.
Ray Benvenuti, Chairman of the Board of Directors of EDAC commented, “We are extremely pleased to have a senior leader of Mark’s caliber joining EDAC. His track record of driving growth and superior execution make him exceptionally suited to lead EDAC during an important period of growth and the Company’s evolution into a leading Tier II supplier of aerospace engine components and assemblies.”
Mr. McDonald stated, “EDAC’s engineering-led capabilities across both metallic and composite design and manufacturing are a unique combination that can address a broad range of critical customer needs at a time of dramatic growth in the industry. I look forward to working with the whole EDAC team to continue their terrific success.”
Mr. Pagano commented, “EDAC’s management, employees and capabilities have positioned the Company as a proven supplier and trusted partner of our customers. Mark’s leadership and experience will further strengthen the Company’s position in the industry and help drive additional growth. I look forward to remaining on the Board of Directors and continuing to support the success of the Company.”
Mr. McDonald will assume his duties on September 30, 2013.
About EDAC Technologies Corporation
EDAC Technologies Corporation (or the “Company”) provides engineering, design and manufacturing capabilities for the aerospace and industrial sectors. In the aerospace sector, EDAC principally provides precision machined and composite components and assemblies for commercial and military aircraft engines, as well as related tooling, equipment, and prototyping. EDAC’s additional product capabilities include electron beam welding, the design and manufacture of high-precision tooling, molds, fixtures, gauges, and dies for a wide range of metallic and composite applications, as well as the design, manufacture and repair of precision grinders and spindles. EDAC’s core competencies include extensive in-house design and engineering capabilities, and facilities equipped with the latest enabling manufacturing technologies. Additional information may be found at www.edactechnologies.com.