Michael T. Steen to Become Chief Executive Officer of Atlas Air Worldwide - Seite 2

“We thank John for his leadership of the talented Atlas team and the significant contributions he’s made to build Atlas’ position as a global leader in airfreight. Under his leadership as CEO, Atlas navigated one of the most dynamic and challenging periods the aviation industry has ever faced, affirming the essential role Atlas serves in the global supply chain,” continued Mr. Siegel. “Additionally, we want to recognize Spencer for his stewardship of the Company’s financial strategy, helping to drive record earnings and supporting the Company’s growth and diversification.”

Mr. Dietrich’s retirement follows a highly accomplished career at Atlas, where he held numerous leadership roles since 1999. Through his tenure, the company has significantly expanded and diversified its service offerings, building from a single-gauge 747 ACMI (aircraft, crew, maintenance, insurance) cargo business to many gauges of aircraft, as well as the expansion into express, eCommerce, passenger service and aircraft leasing businesses. During this time, the Company also continued to expand its military business in both cargo and passenger sectors.

“I am immensely grateful for my time at Atlas over the last nearly 25 years, and proud of all that our exceptional team has achieved together,” said Mr. Dietrich. “Being part of Atlas’ growth and global expansion has been incredibly rewarding. I know that the Company is well positioned to further accelerate its growth and will continue to deliver value for all stakeholders under Michael’s capable leadership.”

Mr. Schwartz is retiring from the Company following a successful 35-year career in finance, including nearly 15 years at Atlas. Artem Gonopolskiy, Senior Vice President, Financial Planning and Analysis, will assume the role of interim CFO following Mr. Schwartz’s retirement as the Company conducts a formal search process for a permanent successor.

About Atlas Air Worldwide:
Atlas Air Worldwide is a leading global provider of outsourced aircraft and aviation operating services. It is the parent company of Atlas Air, Inc., and Titan Aviation Holdings, Inc., and is the majority shareholder of Polar Air Cargo Worldwide, Inc. Our companies operate the world’s largest fleet of 747 freighter aircraft and provide customers the broadest array of Boeing 747, 777, 767 and 737 aircraft for domestic, regional and international cargo and passenger operations.

Atlas Air Worldwide’s press releases and other information may be accessed through the company’s home page, www.atlasairworldwide.com

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