AerCap Holdings N.V. ("AerCap") (NYSE: AER) today announced that Pieter Korteweg, the Chairman of the Company's Board of Directors (the "Board"), has decided to retire from the Board with effect from the close of the Company's annual general meeting of shareholders in 2020 (the "2020 AGM").

"We are extremely grateful for Pieter's excellent work and valuable contributions during his years of service. Under Pieter's chairmanship, the Company has become the industry leader and delivered exceptional financial performance," said Aengus Kelly, CEO of AerCap.

The Board has appointed Paul T. Dacier to succeed Mr. Korteweg as Chairman of the Board with effect from the close of the 2020 AGM. Mr. Dacier has been a Non-Executive Director of AerCap since 2010 and Vice Chairman of the Board of Directors since 2013. Mr. Dacier's appointment as Chairman of the Board is subject to his re-appointment as a Non-Executive Director at the 2020 AGM.

"Paul's extensive experience as an executive, his board experience with other companies and his tenure with AerCap as a Non-Executive Director and as Vice Chairman of the Board are a solid foundation for success in his new role as Chairman of the Board," added Mr. Kelly.