Cirrus Design Names Brent Wouters To The Post Of Chief Executive Officer

Alan Klapmeier, Chairman of Cirrus Design Corporation, recently named Brent Wouters to the post of Chief Executive Officer effective February 1, 2009. continue to build upon Cirrus’ strong success to date in his new role.” Prior to Cirrus, Mr. Wouters was the Chief Financial Officer of International Payment Services, where he was instrumental in completing 11 acquisitions.

According to Cirrus Design, Mr. Wouters previously was an award‐winning equity analyst, an information technology consultant, and an aircraft engineer and flight simulator engineer. Mr. Wouters holds an M.B.A. from Georgia State University, an M.S. in Aerospace Engineering from Iowa State University, and a B.A. in Math and Physics from Iowa’s Graceland University.

Kevin Keough, Director ‐ Portfolio Management Group at Arcapita, Inc., Cirrus’ private equity partner based in Atlanta, noted, "As Cirrus’ ownership partner, we strongly support Alan’s appointment of Brent to CEO. Cirrus has seen its most rapid growth in the last decade as it has delivered over 4,000 new airplanes in more than 50 countries around the world.”

Keough concluded, “Cirrus stands poised to repeat its success in the emerging personal and light jet market with its “Vision Jet”. Cirrus enjoys strong and steady financial commitment and operational support from Arcapita and with such a positive outlook across all its aircraft programs, we are excited that Alan will continue to provide overall company direction as Brent takes the reins of day‐to‐day leadership

Source: Cirrus Design