MIRAMAR, Fla.--(BUSINESS WIRE)--Feb 26, 2025--
VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and repair services, today announced executive leadership appointments supporting the Company’s business transformation to a pure-play aviation aftermarket parts and services provider. Following the recently announced Fleet segment divestiture, these changes are designed to support the Company’s future growth and strategic priorities and drive a more streamlined corporate structure.
Ben Thomas, President of VSE Aviation, has been promoted to Chief Operating Officer for VSE Corporation. Since joining VSE in October 2020 as Group President, Ben has played a pivotal role in growing the Aviation business segment into the global market leading aviation aftermarket parts and services provider that the business is today. In his new role, Ben will lead all revenue channels, including Distribution, Maintenance, Repair and Overhaul (“MRO”), and OEM Solutions, as well as enterprise-wide Information Technology for the Company.
Krista Stafford, Chief Human Resources Officer, has been promoted to Chief Human Resources and Administrative Officer for VSE Corporation. Krista joined VSE in January 2020 and has been instrumental in supporting the Company’s journey and business transformation. In her expanded role, Krista will oversee business and acquisition integration leadership and enterprise-wide administrative services, ensuring a cohesive and strategic approach to talent and organizational development.
Farinaz Tehrani, Chief Legal Officer, has decided to pursue other opportunities after almost four years at the Company. Farinaz joined VSE in August 2021 and has been a key contributor in supporting the transformation of the Company towards its next chapter.
Tobi Lebowitz joins VSE as the Company’s new Chief Legal Officer. Most recently, Tobi served as Chief Legal Officer and Corporate Secretary for Jushi Holdings Inc. (CSE: JUSH) (OTCQX: JUSHF), a vertically integrated, multi-state cannabis operator. Prior to Jushi, Tobi served as the Associate General Counsel of KLX Inc. (formerly KLXI), where she played pivotal roles in the sale of its aerospace segment to Boeing for $4.25B and the spin-off of its energy segment into a new, publicly traded company (KLXE). Tobi earned her BS and JD from the University of Florida, and holds certificates in Human Resources, and Compensation and Benefits from Florida Atlantic University. Tobi will join VSE on March 31, 2025, succeeding Farinaz Tehrani.
“We have made significant progress in executing our business transformation strategy, including the anticipated divestiture of all non-core assets,” said John Cuomo, President and CEO of VSE Corporation. “To support our next chapter, we are restructuring our executive team to create a single business-focused leadership group that will drive our strategies forward. I congratulate Ben Thomas and Krista Stafford on their well-deserved promotions and thank them for their continued leadership. I would also like to express my appreciation to Farinaz Tehrani for her invaluable contributions to our transformation efforts. We wish her all the best in her future endeavors. Additionally, I am excited to welcome Tobi Lebowitz as our new Chief Legal Officer. Having previously worked closely with Tobi, I know her expertise and experience will be instrumental as we continue our transformation journey. With this dynamic and experienced team, I am confident in our ability to capitalize on the opportunities ahead.”
“I am thrilled to get back to my roots in the aerospace industry and very fortunate to do so with such an accomplished team of professionals, many of whom I had the pleasure of working with previously, said Tobi Lebowitz. “I look forward to collaborating with the VSE team to strengthen the Company's legal framework with a business-minded approach and drive the next chapter of growth.”
The announcements today along with Adam Cohn (Chief Financial Officer) and Garry Snow (Chief Growth Officer) comprise the VSE Executive team following the Fleet segment divestiture. The new structure is designed to create a new One-VSE approach to the market, enhance operational excellence, drive strategic execution, and position VSE Corporation for continued growth.
ABOUT VSE CORPORATION
VSE is a leading provider of aftermarket distribution and repair services. Operating through its two key segments, VSE significantly enhances the productivity and longevity of its customers' high-value, business-critical assets. The Aviation segment is a leading provider of aftermarket parts distribution and maintenance, repair, and overhaul (MRO) services for components and engine accessories to commercial, business, and general aviation operators. The Fleet segment specializes in part distribution, engineering solutions, and supply chain management services catered to the medium and heavy-duty fleet market. For more detailed information, please visit VSE's website at www.vsecorp.com.
FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking statements. These forward-looking statements, which are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause VSE’s actual results to vary materially from those indicated or anticipated by such statements. Many factors could cause actual results and performance to be materially different from any future results or performance, including, among others, the risk factors described in our reports filed or expected to be filed with the SEC. Any forward-looking statement or statement of belief speaks only as of the date of this press release. We undertake no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
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CONTACT: INVESTOR RELATIONS CONTACT:
Michael Perlman
Vice President of Investor Relations and Treasury
Phone: (954) 547-0480
Email:investors@vsecorp.com
KEYWORD: FLORIDA UNITED STATES NORTH AMERICA
