John Plueger to Depart Spirit AeroSystems Board After a Decade of Service

Rhea-AI Summary

Spirit AeroSystems (NYSE: SPR) announced that John L. Plueger, CEO of Air Lease , will depart from its Board of Directors after 10 years of service. Plueger will not seek re-election at the company's annual stockholders meeting on May 23, 2025.

The departure is attributed to Plueger's need to focus on expanded responsibilities at Air Lease following the retirement of executive chairman Steven Udvar-Házy. Spirit's Chairman Robert D. Johnson acknowledged Plueger's contributions, particularly highlighting his role in navigating the company through challenging times and securing the merger agreement with Boeing.

Positive

• Board member instrumental in securing transformative Boeing merger agreement

Negative

• Loss of experienced board member with 10 years of aerospace expertise

News Market Reaction – SPR

+2.77%

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+2.77% News Effect

On the day this news was published, SPR gained 2.77%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

WICHITA, Kan., April 23, 2025 /PRNewswire/ -- Spirit AeroSystems Holdings, Inc. (NYSE: SPR) today announced that John L. Plueger, Chief Executive Officer of Air Lease Corporation, will depart the Spirit AeroSystems Board of Directors after 10 years of service as a board member. Plueger will not be standing for re-election, and his departure will be effective, at Spirit's annual meeting of stockholders to be held on May 23, 2025.

Plueger's departure comes as he focuses on expanded responsibilities at Air Lease Corporation following the retirement of its executive chairman Steven Udvar-Házy.

"After ten rewarding years on Spirit's Board, I'll be stepping away to focus on my expanded duties as CEO of Air Lease Corporation following Steven Udvar-Házy's retirement," Plueger said. "I have loved my time with Spirit and have enjoyed working with my fellow board members on the critical decisions we've made on behalf of our shareholders, particularly over the past year."

Robert D. (Bob) Johnson, Chairman and Director of Spirit AeroSystems Holdings, Inc., praised Plueger's contributions. "John's aerospace expertise and leadership have been instrumental in navigating Spirit through challenging times and securing our transformative merger agreement with Boeing," said Johnson.

About Spirit AeroSystems
Spirit AeroSystems is one of the world's largest manufacturers of aerostructures for commercial airplanes, defense platforms, and business/regional jets. With expertise in aluminum and advanced composite manufacturing solutions, the company's core products include fuselages, integrated wings and wing components, pylons, and nacelles. Headquartered in Wichita, Kansas, Spirit has facilities in the U.S., U.K., France, Malaysia and Morocco.

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SOURCE Spirit AeroSystems

FAQ

When is John Plueger leaving Spirit AeroSystems (SPR) board?

John Plueger will leave Spirit AeroSystems board effective May 23, 2025, at the company's annual meeting of stockholders.

Why is John Plueger stepping down from Spirit AeroSystems (SPR) board?

Plueger is stepping down to focus on expanded responsibilities as CEO of Air Lease following Steven Udvar-Házy's retirement.

How long did John Plueger serve on Spirit AeroSystems (SPR) board?

John Plueger served as a board member at Spirit AeroSystems for 10 years.

What major achievement did Plueger contribute to at Spirit AeroSystems (SPR)?

According to Chairman Johnson, Plueger helped navigate Spirit through challenging times and secured the transformative merger agreement with Boeing.