ATSG announces new president
10 / 09 / 2019
By Damian Brett
Rick Corrado has been elected as the new president of aircraft lessor ATSG as the company continues its management succession programme.
Corrado, who is currently chief operating officer (COO), will take over the role from Joe Hete on September 16. Hete, however, will remain as chief executive.
Randy Rademacher, board chairman of ATSG, said that Corrado’s appointment as president represents a “key step in management succession” at ATSG, where Joseph Hete has served as president, chief executive officer and a director since the formation of ATSG as a public company in 2003.
Replacing Corrado in the COO role is Edward Koharik.
Koharik was most recently ATSG senior vice president of FlightSafety International in New York City.
Earlier, he was a director at the US Transportation Command, working with more than 400 commercial providers of transportation services to supplement the federal government’s own transport resources.
As COO, Koharik will take over the day-to-day operations management for the majority of the ATSG companies.
Hete will focus primarily on ATSG’s strategic planning and management team development as chief executive officer.
“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, providing solid returns for our shareholders, exemplary service for our customers, and growth opportunities for our employees.”
Since 2010, Corrado has helped enhance and extend ATSG’s innovative business model, now an industry standard known as “A+CMI.”
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.