EDAC Technologies Corporation Names Mark McDonald as Chief Executive Officer

  EDAC Technologies Corporation Names Mark McDonald as Chief Executive Officer

Business Wire

CHESHIRE, Conn. -- September 25, 2013

EDAC Technologies Corporation (“EDAC” or the “Company”), a leading supplier of
precision machined and composite components and assemblies to the aerospace
and industrial sectors, announced today the appointment of J. Mark McDonald as
President and Chief Executive Officer. Mr. McDonald joins EDAC from Rolls
Royce, where he served as Chief Operating Officer and Executive Vice President
of Energy, and previously as Chief Operating Officer of Civil Aerospace.

Current EDAC CEO Dominick A. Pagano is retiring but will remain with the
Company for a period of time to facilitate a smooth transition and will also
continue to serve thereafter as a member of EDAC’s Board of Directors.

Ray Benvenuti, Chairman of the Board of Directors of EDAC commented, “We are
extremely pleased to have a senior leader of Mark’s caliber joining EDAC. His
track record of driving growth and superior execution make him exceptionally
suited to lead EDAC during an important period of growth and the Company’s
evolution into a leading Tier II supplier of aerospace engine components and
assemblies.”

Mr. McDonald stated, “EDAC’s engineering-led capabilities across both metallic
and composite design and manufacturing are a unique combination that can
address a broad range of critical customer needs at a time of dramatic growth
in the industry. I look forward to working with the whole EDAC team to
continue their terrific success.”

Mr. Pagano commented, “EDAC’s management, employees and capabilities have
positioned the Company as a proven supplier and trusted partner of our
customers. Mark’s leadership and experience will further strengthen the
Company’s position in the industry and help drive additional growth. I look
forward to remaining on the Board of Directors and continuing to support the
success of the Company.”

Mr. McDonald will assume his duties on September 30, 2013.

About EDAC Technologies Corporation

EDAC Technologies Corporation (or the “Company”) provides engineering, design
and manufacturing capabilities for the aerospace and industrial sectors. In
the aerospace sector, EDAC principally provides precision machined and
composite components and assemblies for commercial and military aircraft
engines, as well as related tooling, equipment, and prototyping. EDAC’s
additional product capabilities include electron beam welding, the design and
manufacture of high-precision tooling, molds, fixtures, gauges, and dies for a
wide range of metallic and composite applications, as well as the design,
manufacture and repair of precision grinders and spindles. EDAC’s core
competencies include extensive in-house design and engineering capabilities,
and facilities equipped with the latest enabling manufacturing technologies.
Additional information may be found at www.edactechnologies.com.

Contact:

EDAC Technologies Corporation
Kekst & Company
Ross Lovern, 212-521-4876
 
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