BERWYN, PA., Sept 24, 2004
— Effective September 1, Robert D.
Ferrucci was promoted by Keystone Ranger Holdings, Inc., to the open position
of Vice President - Engineering and Quality. He had previously been Director
of Engineering Programs for the rotorcraft services holding company.
In this role, Ferrucci will be responsible for completing the construction
of large new facilities in Pennsylvania, process improvement initiatives such
as ISO 9000, and post merger integration efforts among newly acquired
companies and joint ventures. Ferrucci will also become the company's key
liaison with a Congressional effort that will create a rotorcraft research
center in the greater Philadelphia area.
Steve Townes, CEO of Keystone Ranger Holdings and founder of Ranger
Aerospace, said: "Bob Ferrucci has become a high impact player in our steadily
growing businesses. We are adding significant new content to his role in
recognition of his substantial contributions and capabilities. This much
deserved promotion comes immediately after our most recent acquisition of
another rotorcraft services subsidiary."
Ferrucci, a native Pennsylvanian, is an honors graduate of Penn State
University's engineering school, and holds multiple mechanical and process
engineering patents. Prior to joining Ranger's rotorcraft ventures in mid-
2002, Ferrucci held engineering management positions in Emerson Electric,
Time-Warner, and Lucent Technologies. Ferrucci has led efforts in the company
for ISO 9000 achievements, lean manufacturing, and numerous process
enhancements, allowing better throughput and reliability. His leadership role
in the creation of the new Keystone Heliplex has saved the company millions
while yielding a world-class technical center.
Keystone Ranger Holdings is a venture organization that specializes in
acquiring and growing helicopter related companies. Keystone Helicopter is
one of the largest and oldest helicopter services companies in the United
States. Founded in 1953, Keystone operates a large technical services depot
and completion center near Philadelphia. The firm also operates a large fleet
of turbine helicopters in numerous locations across several eastern states,
primarily in the air medical mission. Composite Technology, Inc., ("CTI"),
the largest independent rotor blade repair company operating worldwide, is
headquartered in the Dallas-Fort Worth Metroplex and has facilities in Canada,
Brazil, England and Singapore. CTI and Keystone together comprise one of the
largest independent helicopter overhaul companies in the industry. The CTI
acquisition is intended as the first step toward a larger depot sized presence
in Texas, to complement the very large technical capacities of Keystone in the
Northeast USA.
Ranger Aerospace LLC (http://www.rangeraerospace.com), with head offices
in Berwyn PA, is a privately held investment and management holding company
with private equity institutions, venture capital companies, and management as
shareholders. Ranger and its co-investors add value to acquired companies via
seasoned veterans experienced in aviation services, aerospace programs,
engineering, finance, corporate development, MIS, marketing & strategic
planning, Total Quality Management, mergers & acquisitions, post-merger
integration, and turnarounds.
Forward Looking Statements:
The Company from time to time may discuss forward-looking information.
Except for factual historical information, all forward looking statements
are estimates by the Company’s management and are subject to various risks
and uncertainties that are beyond the Company’s control and may cause
actual results to differ materially from management’s expectations.
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