StandardAero (SARO) Announces CEO Succession Plan: Paul McElhinney to Succeed Russell Ford

StandardAero Inc. (NYSE:SARO) is one of the best IPO stocks to buy and hold for 2 years. On June 2, StandardAero announced a CEO succession plan, naming Paul McElhinney as the new Chief Executive Officer effective October 1 this year. He will succeed Russell Ford, who is retiring after a 13-year tenure as CEO and 45 years in the aerospace industry.

Ford will serve as Executive Chairman through the end of 2026 to ensure a smooth transition before McElhinney assumes the Chairman role on January 1, 2027. During his leadership, Ford transformed StandardAero, growing annual revenues from $1.6 billion in 2013 to over $6 billion in 2025 and successfully guiding the company through its 2024 initial public offering.

McElhinney, a current member of the company’s Board, brings over 35 years of industry experience, including previous leadership roles at GE Aviation Services and GE Power Services. The Board expressed confidence that his deep understanding of the company’s strategy and culture makes him the ideal leader to guide StandardAero Inc. (NYSE:SARO) through its next phase of growth.

Celestica (CLS) to EAStandardAero (SARO) Announces CEO Succession Plan: Paul McElhinney to Succeed Russell Fordstablish New Manufacturing Campus in Fort Worth, Texas

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StandardAero Inc. (NYSE:SARO) is a leading independent maintenance, repair, and overhaul provider serving commercial, military, business aviation, and industrial power customers. The company is headquartered in Scottsdale, Arizona, and was founded in 1911.

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