TORONTO, April 16 /CNW/ - Vector announces today a number of management
changes in its North American Operations.
Effective immediately John MacDougall will take on the position of
President of ACROHELIPRO Global Services Inc. and Brian Thompson will assume
the position of president of Atlantic Turbines International Inc.
John MacDougall has over twenty years experience in the aerospace
industry and has served as the President of Atlantic Turbines since its
inception over fifteen years ago. He has built a stable, dedicated and highly
effective management team at Atlantic Turbine and under his leadership,
Atlantic Turbines has grown significantly with demonstrated strong
Brian Thompson joined Atlantic Turbines in 2006 and is a key member of
the current senior management team. He holds an MBA from the University of
Western Ontario and prior to joining Atlantic Turbines, held a number of
senior management positions with Aliant Inc. and Atlantic Canada Opportunities
Peter Tierney, current President of ACROHELIPRO has resigned and
effective immediately will be transitioning out of his role in Vector. He will
be returning to the UK to pursue an opportunity that fits with his long term
In commenting on the management changes, Vector's President and Chairman,
Donald Jackson noted:
"We thank Peter for his years of fine service at Sigma Aerospace and
ACROHELIPRO and wish him well in his new endevors.
I am confident that both ACROHELIPRO and Atlantic Turbines will continue
to flourish under the leadership of John and Brian. Today, Vector has a strong
organization and its long term priorities and strategies will remain
unchanged. Vector will continue to pursue a growth strategy focused on
creating and enhancing shareholder value."
Vector Aerospace Corporation is an independent provider of aviation
repair and overhaul services. Through facilities in Canada, the United States
and the United Kingdom it provides services to commercial and military
customers for various types of gas turbine engines, components and helicopter
airframes. It also provides information technology solutions to an
international customer base. Principal operations include Atlantic Turbines,
Sigma Aerospace, ACROHELIPRO and Pathix. The Company has approximately 1,100
This news release contains statements referring to the future. These
statements are based on current expectations, related to the markets in which
Vector Aerospace Corporation operates and its financial condition, and the
general business of the Company.
By their very nature, forward-looking statements involve inherent risks
and uncertainties that the expectations will not be achieved. Indeed, the
forward-looking statements may differ materially from actual results or
events. Readers are cautioned, therefore, not to place undue reliance on these
statements as a number of important factors could cause actual results to
differ materially from those expressed in such forward-looking statements.
These factors include, without limitation, global and local political and
economic uncertainty, and future demand for the Company's service. Readers
should also refer to the Company's continuous disclosure materials filed with
Canadian Securities Regulatory Authorities for additional information with
respect to certain of these risk factors. A discussion of risk factors is
contained in the Company's 2006 Annual Report which is available on the
Company's website and on SEDAR. The Company disclaims any intention or
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events, or otherwise.
For further information:
For further information: Donald K. Jackson, Chairman, President & CEO,
Toronto, Ontario, (416) 925-1143; Randal L. Levine, Senior Vice-President and
Chief, Financial Officer, Toronto, Ontario, (416) 925-1143;