AAR Corp has announced that Jeffrey N. Edwards has been elected to its board of directors.

Edwards brings more than 40 years of experience in the financial services sector and his appointment increases AAR’s board from 11 to 12 director positions.

As partner and vice chairman of New Vernon Capital, Edwards prioritises the firm’s clients, focusing on investment portfolios, operations, and business development.

Prior to New Vernon Capital, Edwards spent over 20 years with Merrill Lynch, serving in various leadership positions, including chief financial officer.

His other current board positions include lead independent director for Raymond James Financial, Inc. and chair of the audit, finance, and risk committee for American Water Works Company, Inc., both S&P 500 companies.

John M. Holmes, AAR’s chairman, president and chief executive, said: “Mr. Edwards brings significant financial experience to our board and will play an integral role in helping execute our growth strategy and deliver further value to our shareholders.”

Edwards said: “Financial expertise and prudence are central to a company’s long-term success. I am impressed by AAR’s exceptional leadership team and strong financials and am committed to supporting the continued advancement of the company’s growth strategy.”

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