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The Board of Directors of Adam Aircraft announced today that John
D. Wolf has been named company Chairman and CEO effective immediately.
Wolf, along with President Duncan Koerbel, joined Adam Aircraft in
February to help achieve FAA Type Certification of the A700 as well as
to establish world-class manufacturing capabilities for the company.
The hiring of Wolf, with his 39 years of experience in aerospace
at Fairchild Aerospace, Teledesic Corporation, and McDonnell Douglas
Corporation, combined with Koerbel's 24 years of experience in
certification and manufacturing, were part of the transition initiated
by the Board earlier this year. This new leadership change helps move
the company from a start-up to what will become one of the country's
premier developer and manufacturer of Part 23 aircraft.
The Adam Aircraft Board offered their highest praise to founder
Rick Adam for creating an innovative company with superior products.
"Rick's entrepreneurial spirit and vision was the driving force that
put Adam Aircraft on the map. We are indebted to his efforts over the
past nine years as he grew the company from one employee to over 700
employees currently working at Adam Aircraft. We wish him the best as
he pursues his next entrepreneurial adventure."
Wolf began his career in various engineering and project
management positions on missiles and space projects in McDonnell
Douglas Astronautics Company in St. Louis, Missouri. He was named Vice
President, General Manager of McDonnell Douglas Electronics Company
and then Executive Vice President of McDonnell Aircraft Company. Wolf
became Sr. Vice President of Douglas Aircraft Company in 1989 and was
responsible for program management of various commercial aircraft and
launch of the MD-95, now the Boeing 717. Wolf served as Fairchild
Dornier Corporation's Chief Operating Officer in Oberpfaffenhofen,
Germany and was responsible for the development, launch and
manufacturing of various commercial aircraft from 30-100 passengers.
He has a BSEE, MSEE and Doctor of Engineering (Honoris Causa) from the
University of Missouri, Rolla.
"Adam Aircraft is moving consistently toward a complete A700 Type
Certificate in 2008," said Wolf. "I look forward to working with the
Board, our investors, executive team and our employees to continue to
significantly improve the span time, cost and quality of the
production process as well as strengthening our relationship with our
suppliers. We have an ideal all-composite platform for product line
expansion. The company is going to move to high rate production of the
A500, be ready to accelerate deliveries of Adam's substantial backlog
of A700's, and provide comprehensive customer support to our
customers."
About Adam Aircraft
Adam Aircraft is a designer and manufacturer of advanced aircraft
for civil and government markets. The company uses computer-aided
design, rapid prototyping, advanced manufacturing techniques, and
carbon composite materials to produce high-performance aircraft at
attractive prices. The A500 twin-engine piston aircraft has been Type
Certified by the FAA, and the A700 AdamJet, which is currently
undergoing flight test and development, will carry seven people and
feature the best people-to-price performance ratio of any VLJ. Adam
Aircraft headquarters are based at Centennial Airport (APA) in
Englewood, Colorado, with additional facilities in Pueblo, Colorado,
and Ogden, Utah. To learn more about the company, visit
www.adamaircraft.com.
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