Joe Hete, 65, will retire as CEO of Wilmington Air Transport Service Group (ATSG), the aircraft leasing and air transport service company, but is expected to stay on the board of directors with probable election as Chairman of the board. He leaves the position after seven years.

Rich Corrado will continue his current position of president, as well as taking Hete’s place as CEO.

“Rich Corrado’s creative energy and unique approaches to creating solutions-based packages of air transport services for our customers, the strong dedication to service and safety of our operating management teams, and the financial executives who deliver the capital we need to grow, will keep ATSG on the path to superior rewards for shareholders,” says Hete.

The changes will be effective as of May 7 2020.