March 12, 2018 – Zurich, Switzerland: SR Technics is pleased to announce the nomination of Frank Walschot as Chief Executive Officer as of April 1, 2018, replacing Jeremy Remacha, who is leaving the company at the end of the scheduled transition period to the new shareholders.

With more than 30 years’ aviation industry experience in leading operational, commercial and financial functions around the world, Frank Walschot is a recognized and respected senior executive, well trusted with SR Technics’ business and challenges for many years.

Frank Walschot joined SR Technics in 2008 as Vice President Engine Maintenance and was appointed shortly thereafter Head of Engine Services where he played a key role in developing the engine business further. In January 2015, Frank Walschot was promoted to Chief Operating Officer, focusing on the performance and efficiency of SR Technics’ global operations, ensuring the highest safety and quality standards at all our locations based on the principles of Lean and Continuous Improvement. Frank Walschot now returns to SR Technics after a one-year assignment in Haikou, China as Chief Investment Officer of HNA Technic where he successfully supported the development of HNA Group’s MRO strategy and business.

Being back at SR Technics, Frank Walschot comments: “I am delighted for this opportunity to lead the company in the next exciting phase of its journey, together with our employees, customers, and all other stakeholders.”

Mr. Ning Wan, Chairman of SR Technics, said: "Frank's valuable experience as well as his leadership skills made him the ideal candidate for this position. Throughout his career, he has shown outstanding results, implementing new processes with tangible value for our customers. I look forward to working with Frank as we write the next chapter of SR Technics’ future.”