Air Transport Services Group, Inc. announced that it is implementing the following succession plan: Joe Hete, who currently serves as Chairman of the Board of Directors and Chief Executive Officer, has been appointed Executive Chairman; Mike Berger, who currently serves as President, has been appointed as member of the company?s Board; and Jeffrey Dominick, who currently serves as a member of the Board of Directors, has been appointed President. These changes are effective immediately. Hete has held the position of Chairman of ATSG Board since May 2020 and CEO of the company since November 2023, following his prior service as CEO of the company from October 2007 to May 2020.

Hete also previously served as the President of the company from October 2007 to September 2019 and as the CEO of the company?s subsidiary, ABX Air, Inc., from August 2003 to May 2020. Hete is a well-known and highly respected pioneer in the global air freight industry and brings approximately 40 years of leadership experience in the space. Berger joined ATSG in 2018 and was promoted to President in October 2023.

Prior to his role as President, he served as the company?s Chief Strategy Officer and Chief Commercial Officer and President of the company?s Airborne Global Solutions subsidiary. Prior to ATSG, he held senior leadership positions at major air express companies including DHL, TNT in Europe, and with Dicom Transportation Group of Canada. He began his career with Airborne Express.

Dominick is a Managing Partner of Westport, Connecticut-based AirWheel Investments L.P., a private equity fund founded in 2015 that invests in the commercial aviation sector. He has been a member of ATSG?s Board since November 2022 and previously served on the Board from 2008 to 2012. He stepped down from the Board when he accepted a position as a Managing Director at BlackRock Inc., a stockholder of ATSG, and is again stepping down from the ATSG Board to assume the role of President.

Prior to BlackRock Inc., he was the Managing Director and Head of Non-Correlated Investments for Babson Capital Management LLC, a wholly owned subsidiary of the MassMutual Financial Group, and also worked in private equity and M&A for MassMutual Capital Partners. Dominick specialized in investing in airline and aircraft-related transactions for MassMutual and BlackRock. Prior to MassMutual, Dominick worked in Leverage Finance for Deutsche Bank and J.P. Morgan Chase.