Management ChangeApr 30, 2026, 05:02 PM
AL Board & Executive Leadership Changes Post-Merger
AI Summary
AIR LEASE CORP (AL) announced significant changes to its Board of Directors and executive officers following the consummation of a Merger. Noriyuki Hiruta, David Swan, and Sabrina Lemmens were appointed as new directors and key executive officers, including CEO, CCO, and CFO, respectively. Concurrently, all prior board members were removed, and several former executive officers, including CEO John L. Plueger, were terminated. The company also noted the dissolution of its independent audit committee due to its delisting from the NYSE post-Merger, and detailed its executive compensation philosophy and governance practices prior to the Merger.
Key Highlights
- Noriyuki Hiruta (59) appointed CEO, President, Secretary, and Director.
- David Swan (56) appointed Chief Commercial Officer and Director.
- Sabrina Lemmens (48) appointed Chief Financial Officer and Director.
- Former CEO John L. Plueger (71) and other executives terminated post-Merger.
- All prior board members removed; new directors appointed following Merger.
- Audit Committee dissolved as AL is no longer listed on NYSE.
- Prior executive stock ownership guidelines: CEO 6x salary, others 2x salary.
- Prior long-term incentives tied to Book Value (50%), Relative TSR (25%), Time-based RSUs (25%).