TORONTO, Dec. 23, 2015 /CNW/ - Magellan Aerospace Corporation (TSX: MAL) recently announced that effective January 1, 2016, Ms. Elena Milantoni has been appointed Chief Financial Officer, succeeding Mr. John Dekker, who has chosen to retire on December 31, 2015. 

Mr. Dekker has been with Magellan Aerospace, and its predecessor company, for thirty years, with many outstanding contributions to his credit.  Phil Underwood, President and CEO, said "John leaves Magellan a stronger company, better positioned to deliver long-term value to our shareholders.  We thank John for his years of service and wish him a long and happy retirement." 

Ms. Elena Milantoni, CPA, CA, joined Magellan in 2007 as Corporate Controller and Treasurer and in January 2014 was promoted to the position of Vice President Finance.  "Elena has been an important member of the Magellan leadership team", said Phil Underwood, "and throughout 2015 she worked closely with John Dekker to ensure a smooth transition of the CFO duties and responsibilities. I am pleased that Elena has accepted the challenges associated with this role and look forward to working with her in this capacity."

About Magellan Aerospace

Magellan Aerospace is a global, integrated aerospace company that provides complex assemblies and systems solutions to aircraft and engine manufacturers, and defense and space agencies worldwide. Magellan designs, engineers, and manufactures aeroengine and aerostructure assemblies and components for aerospace markets, advanced products for military and space markets, industrial power generation, and specialty products. Magellan is a public company whose shares trade on the Toronto Stock Exchange (TSX: MAL), with operating units throughout Canada, the United States, the United Kingdom, India, and Poland.

Forward Looking Statements

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SOURCE Magellan Aerospace Corporation