|Atlas Air Worldwide Holdings, Inc. Names Mark Swearingin Vice President, Technical Operations|
Thursday, July 19, 2007 -- Atlas Air Worldwide Holdings, Inc. (AAWW) (Nasdaq: AAWW), a leading provider of global air cargo services, has named Mark S. Swearingin as Vice President, Technical Operations, effective July 23.
Mr. Swearingin, 46, joins AAWW as a senior executive with extensive experience in aircraft maintenance and engineering, including prior oversight responsibilities in maintenance, production control, line maintenance, and training and planning. Mr. Swearingin also has substantial experience in managing multi-million-dollar budgets with a positive earnings impact, which will complement AAWW's strong focus on continuous improvement and earnings enhancement.
Mr. Swearingin succeeds Bill Kelley, who has served as the interim head of Technical Operations and who has been promoted to Vice President, Safety and Regulatory Compliance.
“Mark offers solid business intellect and a broad range of experience in aircraft maintenance and engineering,” said John W. Dietrich, Executive Vice President and Chief Operating Officer of AAWW. “As someone who started his career as a mechanic and worked his way up to senior management, Mark has established himself as an analytical, results-oriented leader with a proven record of success. We look forward to capitalizing on his strategic vision and leadership as we continue on our quest for continuous improvement and improved profitability.”
Prior to joining AAWW, Mr. Swearingin served as Vice President, Technical Operations for SH&E Air Transport Consultancy, the world's largest air transport consulting firm, where he was responsible for growing the airline managed services practice. From 2005 to 2006, he served as Executive Vice President, Air Canada Technical Services, and from 2003 to 2005 he was Vice President Maintenance and Engineering at Midwest Airlines. Earlier in his career, Mr. Swearingin held positions as Managing Director, Maintenance Control and Maintenance Planning for US Airways, Division Manager for United Parcel Service Airlines, and Mechanic with Northwest Orient Airlines.
Mr. Dietrich added: “As we welcome Mark, we also congratulate Bill on his promotion and thank him for his extraordinary service and loyalty to the Company and to our customers this past year. He has done an outstanding job in overseeing our operational reliability and ensuring our regulatory compliance during this period, while keeping Technical Operations focused on our Continuous Improvement initiatives as well.”
Reporting to Mr. Dietrich, Mr. Swearingin will be responsible for all aspects of the Company's global maintenance and engineering activities and strategy, including the most efficient means of maintaining AAWW's aircraft fleet and the most effective ways to improve maintenance costs.
Mr. Swearingin is a graduate of Purdue University with a Bachelor of Science degree in aviation technology. In addition, he holds airframe and powerplant licenses and a private pilot rating from the Federal Aviation Administration.
About Atlas Air Worldwide Holdings, Inc.
AAWW is the parent company of Atlas Air, Inc. (Atlas) and Polar Air Cargo Worldwide, Inc. (Polar), which together operate the world's largest fleet of Boeing 747 freighter aircraft.
AAWW, through its principal subsidiaries Atlas and Polar, offers scheduled air cargo service, cargo charters, military charters, and ACMI aircraft leasing in which customers receive a dedicated aircraft, crew, maintenance and insurance on a long-term lease basis.
AAWW's press releases, SEC filings and other information can be accessed through the Company's home page, http://www.atlasair.com.