Air Transport Services Group Appoints Joe Hete, Current Chairman And Former Longtime CEO, As Its CEO, Effective Immediately; Rich Corrado, Is Leaving His Role Effective Immediately
Portfolio Pulse from Benzinga Newsdesk
Air Transport Services Group (ATSG) has appointed Joe Hete, the current Chairman and former longtime CEO, as its CEO effective immediately. The previous CEO, Rich Corrado, is leaving his role effective immediately. Hete will also continue as Chairman of the Board.
November 06, 2023 | 10:49 pm
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Joe Hete, the current Chairman and former longtime CEO, has been reappointed as CEO of Air Transport Services Group (ATSG) effective immediately. This could bring stability and experience to the company's leadership.
CEO changes can have a significant impact on a company's stock price. In this case, the reappointment of a former CEO who is familiar with the company and its operations could be seen as a positive move by investors, potentially leading to a short-term increase in the stock price.
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