Adam Aircraft No Longer Adam's Family

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On Monday, Adam Aircraft's board of directors named John D. Wolf as chairman and CEO, replacing company founder Rick Adam in the position. Wolf, along with company president Duncan Koerbel, joined Adam Aircraft in February to help with A700 type certification and to build up manufacturing capabilities at the company. According to Adam Aircraft's board, Wolf's 39 years of experience in the aerospace industry and Koerbel's 24 years of experience in certification and manufacturing were part of the transition initiated earlier this year. "This new leadership change helps move the company from a start up to what will become one of the country's premier developer and manufacturer of Part 23 aircraft," the company said. "Rick's entrepreneurial spirit and vision was the driving force that put Adam Aircraft on the map. We are indebted to his efforts over the past nine years as he grew the company from one employee to over 700 employees currently working at Adam Aircraft. We wish him the best as he pursues his next entrepreneurial adventure." Wolf said the company is "moving consistently toward a complete A700 Type Certificate in 2008 The company is going to move to high rate production of the A500, be ready to accelerate deliveries of Adam's substantial backlog of A700 [very light jets], and provide comprehensive customer support to our customers." Rick Adam remains as an investor in the aircraft manufacturer.