Aircraft parts provider and STS Aviation Group division STS Component Solutions has announced changes in its leadership team.
Tom Covella will transition from his role as division president to become an advisor to the board of directors. Tim Russo, STS Component Solutions’ vice president of OEM distribution, will succeed Covella and is being promoted to the role of division president, effective 1 January, 2023.
Russo joined STS Component Solutions in 2015 after serving at JetBlue Airways for ten years within their technical operations organisation. Russo will report directly to Philip Anson Jr., CEO of STS Aviation Group.
“Tim is a fantastic choice to move into this position, and I have been working closely with both he and Tom to ensure that we have a seamless and effective transition,” said Anson. “We are very grateful to Tom for his 14-plus years of hard work and dedication, and we are excited about his desire to remain invested and engaged moving forward.
“Tom founded his component solutions business back in 2001, and he has been instrumental in helping the organisation achieve unprecedented growth following STS’ acquisition in 2008. In Tom’s new role, we will continue to benefit from his unparalleled expertise in the aircraft components industry to help guide key growth initiatives well into the future.”
Covella stated: “This is a bittersweet time for me. On one hand, I am moving on from the day-to-day management of a company that I founded, but on the other, I will now be afforded more time to strategise on the ambitious plans we have in place for future growth.
“I am fully confident that Tim will effectively lead our team going forward, and I have no doubt that the business will continue to thrive with him at the helm.”
Russo commented: “I am honoured to take on this new leadership role, and I am energised and excited to guide the next chapter of STS Component Solutions’ growth. Tom has built a great team that has proven they can meet any challenge, and I know that, together, we will continue our growth trajectory and succeed in the years to come.”