FBR Capital Remains Bullish on Air Lease (AL) as CEO Steps Down

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Air Lease Corporation Board Names John L. Plueger Next CEO and President, Steven Udvar-Házy to continue with the Company as Executive Chairman and Gregory Willis elevated to Executive Vice President

June 17, 2016 6:00 PM EDT

LOS ANGELES--(BUSINESS WIRE)-- Air Lease Corporation (NYSE: AL) announced today that its Board of Directors has appointed John L. Plueger as Chief Executive Officer and President effective July 1, 2016. Steven Udvar-Házy will assume the role of Executive Chairman of the Board on July 1, 2016, a full-time officer role.

On behalf of the Board of Directors, I thank Steve for his extraordinary leadership of ALC as its founder, Chairman, and Chief Executive Officer, said Robert Milton, ALCs Lead Director. Steve started ALC in February 2010, and as a result of his vision and guidance, the... More