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Business North - The Daily Briefing - Business Newspaper Online
AAR CORP. president & COO addresses APEX annual meeting
PHOTO: Timothy Romenesko
AAR Corp. is positioned to generate an estimated $47 million annually in economic impact in Minnesots from its maintenance, repair and overhaul (MRO) facility in Duluth. according to its president and COO.
Timothy Romenesko made that comment Thursday to the APEX Annual Board of Directors annual meeting at the Kitchi Gammi Club. More than 75 private sector leaders gathered to hear Romenesko's keynote address and elect the 2013 Board of Directors.
AAR is a NYSE traded provider of products and value-added services to the worldwide aerospace and defense industry. It employs approximately 7,000 employees. Since November, AAR has hired more than 100 aircraft mechanics and other employees for its Duluth operation. At capacity, the new aircraft repair station will accommodate up to five narrow-body airplanes and create as many as 225 skilled positions.
“AAR is a mid-sized company experiencing significant growth and we are eager to contribute to St. Louis County’s future development with our newest operation in Duluth,” Romenesko said, adding AAR would pay more than $2.5 million a year in state and local taxes and support an estimated 200 related jobs.
He joined AAR in 1981, is currently a member of the Board of Directors of AAR, and has held various roles within the organization including vice president and chief financial officer. Romenesko is responsible for maximizing the performance of AAR operating units and implementing strategies for growth.
APEX and regional economic development partners developed and executed a sophisticated, targeted strategy to recruit the AAR expansion to the City of Duluth.
“APEX is thrilled with the success of this initiative, having helped recruit a global leader in the aerospace industry. Assisting in their expansion efforts and ongoing recruitment of a qualified and talented workforce is part of our shared success,” added APEX President and CEO, Brian Hanson.
APEX is the private-sector led, business development agency for northeastern Minnesota and northwest Wisconsin. Since 2003, it has impacted over 3,050 jobs in the region, resulting in an annual regional payroll of over $110 million, contributing to over $12 million in State and local taxes annually.
In addition to hearing from the region’s newest employer, the APEX membership elected the 2013 Board of Directors and Officers.
APEX 2013 Executive Committee Officers:
Chair, Peter Hedstrom, US Bank
Vice Chair, Dan Markham, Capstan Corporation
Immediate Past Chair, Al Hodnik, ALLETE, Inc
Secretary, Nancy Norr, Minnesota Power
Treasurer, John Strange, St. Luke’s
At Large, Jim Bendas, Genesis Attachments
At Large, Mark Emmel, Labovitz Enterprises
At Large, Dr. Daniel Nikcevich, Essentia
At Large, Andrea Schokker, University of Minnesota Duluth
APEX 2013 Board of Directors:
Kathy Annette, Blandin Foundation
Jim Bendas, Genesis Attachments
William Bennett, LHB
Scott Bradt, Wells Fargo
Ken Browall, Duluth News Tribune
Mark Emmel, Labovitz Enterprises/Lion Hotel Group
George Goldfarb, maurices, inc.
Peter Hedstrom, US Bank
Jo Ann Hoag, St. Luke’s Hospital
Alan Hodnik, ALLETE
Patrick Johns, Lake Superior College
Andrea Schokker, University of Minnesota Duluth
Steve LaFlamme, Oneida Realty Company
Mike Lalich, UMD Natural Resources Research Institute
Tom Lambrecht, Great River Energy
Brian Maki, Lakehead Constructors
Dan Markham, Capstan Corporation
Robert Mars, Jr., W.P. & R.S. Mars Company
Michael Metcalf, Essentia Health
Dr. Daniel Nikcevich, Essentia Health
Nancy Norr, Minnesota Power, an ALLETE Company
Adolph Ojard, Duluth Seaway Port Authority
Tom Renier, Northland Foundation
David Ross, Duluth Area Chamber of Commerce
John Strange, St. Luke’s Hospital
Tom Werner, Duluth Airport Authority
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