Erickson Incorporated, an aerospace OEM and provider of global aviation services, recently announced the appointment of government services veteran, Doug Kitani as CEO and Director effective August 31, 2017.
Mr. Kitani joins Erickson having most recently served as CEO and Director of IAP Worldwide Services, a global defense services company specializing in logistics, expeditionary infrastructure, facilities engineering, and power systems. His prior experience includes leading portfolio strategies and corporate development for DynCorp International, an aerospace and defense company. Mr. Kitani is known for his expertise in mergers and acquisitions and quality improvement having spent many years working in the private equity investment field and in general management at Honeywell International and General Electric.
Mr. Kitani earned his MBA in Finance and Strategy from Emory University and graduated from the United States Military Academy at West Point. He served as a US Army helicopter pilot (qualified in the UH-1, OH-58, and UH-60 while completing 11 years of active and reserve duty), is a member of AOPA and is a supporter of the Green Beret Foundation.
Erickson emerged from chapter 11 bankruptcy in April, after five months of negotiations. The company satisfied conditions for its reorganisation plan and is now owned by a diverse shareholder group. Former president and CEO Jeff Roberts said: “We are very pleased to have completed our financial restructuring in such an efficient and timely manner. Chapter 11 allowed us to achieve rationalisation of our aircraft fleet and deliver our balance sheet by over $400 million in debt.