Pilatus Makes Changes To Board, Management Team

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Pilatus Aircraft last week said it made a number of changes to its senior management during a scheduled meeting on June 27, 2006. Oscar J. Schwenk, formerly president and CEO, was elected as the new chairman of the board of directors. He takes over from Peter K pfer, who is stepping down after eight years. Schwenk has been with Pilatus Aircraft in various managerial functions for some 25 years and has been a managing director since 1994. Members Gerhard Beindorff and Peter Ruof were re-elected to the board of directors; the new members are Gratian Anda, who was also elected vice chairman, and Björn Bajan. The board of directors further elected Thomas Bosshard as the new CEO of Pilatus Aircraft Ltd., effective July 1.

Pilatus said it has performed very well under Schwenk's leadership and will continue to benefit from his experience and relationships with customers, suppliers, regulatory authorities and employees. His new position was effective July 1, 2006. Bosshard, 46, has been a member of the Pilatus team for the past 12 years. He holds degrees in both Mechanical Engineering and Business Administration and originally occupied a managerial position in production before helping set up the company's U.S.-based subsidiary, Pilatus Business Aircraft, Ltd., USA, which he has managed as president & CEO for the past four years.