Stamford, Ct., USA - August 13, 2012, Stamford, Ct., USA- Aircastle Limited, a company engaged in commercial aircraft sales and leasing, announces that Wesley R. Edens and Joseph P. Adams have resigned from the board of directors following the completion of Fortress's sale of its remaining stake in Aircastle.
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Mr. Edens is a principal and Co-Chairman of the Board of Directors of Fortress Investment Group LLC. Mr. Edens has been Co-Chairman of the Board of Directors since August 2009 and a member of the Board of Directors of Fortress since November 2006. Mr. Edens has been a member of the Management Committee of Fortress since 1998. Mr. Edens is responsible for the Company’s private equity and publicly traded alternative investment businesses.
Prior to co-founding Fortress in 1998, Mr. Edens was a partner and managing director of BlackRock Financial Management Inc., where he headed BlackRock Asset Investors, a private equity fund. In addition, Mr. Edens was formerly a partner and managing director of Lehman Brothers. Mr. Edens received a B.S. in Finance from Oregon State University.
Mr. Adams is a managing director within the Private Equity business at Fortress Investment Group LLC and serves as Deputy Chairman of RailAmerica, Inc. and Chairman of SeaCube Container Leasing Ltd. Mr. Adams is also a member of the Management Committee of Fortress.
Prior to joining Fortress in April 2004, Mr. Adams was a partner at Brera Capital Partners and at Donaldson, Lufkin & Jenrette where he was the head of the transportation industry group. In 2002, Mr. Adams served as the first Executive Director of the United States Air Transportation Stabilization Board. Mr. Adams received a B.S. in Engineering from the University of Cincinnati and an M.B.A. from Harvard Business School.
The Company also announced the appointment of Peter V. Ueberroth as Chairman of the Board.
Mr. Ueberroth has served on Aircastle's Board of Directors since August 2006. He is currently, and has been since 1989, the Managing Director of Contrarian Group, Inc., an investment and management company. He is also an owner and co-chairman of the Pebble Beach Company.
Mr. Ueberroth founded First Travel Corporation in 1962. When he sold the company in 1980, it was the second-largest travel business in North America. From 1980 to 1984, he was president of the Los Angeles Olympic Organizing Committee, the organization responsible for staging the 1984 Los Angeles Olympic Games, the first privately financed Games. ■