Jan 31, 2011

Piper moving ahead with Imprimis backing

Piper moves ahead with Imprimis backing

Changes to leadership their all-new single-engine jet, and promises of more from sales and marketing VP Groom
 
During the past 18 months, departing executives included president John Becker, CEO Kevin Gould and a few vice presidents. While some of the slots have been filled, Groom said, "We're streamlining our management ranks and trying to size our company's overhead structure for our current level of business. We've done some consolidating in some areas."

Since July, Imprimis managing director Geoffrey Berger has been Piper CEO, but that is likely a temporary position, and Groom said he expects to announce a new CEO soon. Berger also holds the title of president. Simon Caldecott, who joined Piper in 2009 as chief of production for the PiperJet, is now vice president of operations and responsible for manufacturing operations, manufacturing engineering, sustaining engineering and supply chain. Caldecott has also taken on the job of the former vice president of supply chain and aftermarket development.

The human resources vice president's job was rolled into the chief financial officer's job, and Dave Wilson remains CFO. Groom, who used to run Hawker Beechcraft product support, hired Drew McEwen away from Hawker Beechcraft to be sales director for the Americas. Mike Hinderberger, most recently at Gulfstream Aerospace and previously at Hawker Beechcraft, is Piper's new vice president of engineering and responsible principally for the PiperJet Altaire program.
"Everyone's busier now," Groom commented. ... 
 
Imprimis and Piper will need to inject millions of dollars to see the Altaire through to certification and production. "Our board of directors has committed funds for the program," said Groom, "unlike some of the other companies [developing single-engine jets]. Our money is committed to the program, and we're funded based on our accomplishments and achievement of milestones."
 
-- Jon
 
 

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