Wilmington-based aircraft leasing and air transport company Air Transport Services Group, Inc. has a new president, Richard Corrado, 59, currently chief operating officer.
The promotion is effective Monday — and sets the stage for the company’s future leadership.
Though Joseph Hete remains chief executive and a director of ATSG, in a release from the company, Randy Rademacher, ATSG board chairman, said that Corrado’s appointment as president represents a “key step in management succession at ATSG.”
ATSG’s board also elected Edward Koharik III, 49, as chief operating officer of ATSG, succeeding Corrado, also effective Monday.
Hete has served as president, chief executive and a director since the formation of ATSG as a public company in 2003. Hete will focus primarily on ATSG’s strategic planning and management team development as chief executive, the company said in its statement.
“Through his creative ideas and strong performance in a wide range of assignments at ATSG and elsewhere, Rich Corrado has proven himself ready to assume more leadership responsibility,” Rademacher said. “I know I speak for the board of directors in expressing confidence that Rich’s strengths in marketing, operations, and business development, backed by Ed Koharik’s operations experience and the continuing contributions and experience of the rest of our outstanding management team, will launch ATSG on an exciting new phase of sustained success.”
The company’s statement credits Corrado with being “among the first in the industry to recognize and plan for the exceptional growth in e-commerce transactions, and the opportunity to place ATSG’s midsize, medium-range Boeing 767 freighter aircraft at the center of new time-definite express networks that e-commerce merchants require.”
Corrado was elected chief operating officer of ATSG in September 2017 after seven years as chief commercial officer and president of ATSG’s Cargo Aircraft Management, Inc. (CAM) subsidiary.
“Rich’s fresh ideas and unique approaches to creating solutions-based packages of air transport services around our core fleet of Boeing 767 converted freighters have helped us capture the substantial share of the regional express, e-commerce transport business we have today,” Hete said.
ATSG, through its leasing and airline subsidiaries, is the world’s largest owner and operator of converted Boeing 767 freighter aircraft.
Thank you for reading the Dayton Daily News and for supporting local journalism. Subscribers: log in for access to your daily ePaper and premium newsletters.
Thank you for supporting in-depth local journalism with your subscription to the Dayton Daily News. Get more news when you want it with email newsletters just for subscribers. Sign up here.