AFCO announced that at its February 25, 2009 annual shareholders meeting that Francis X. Chambers, Jr. has been elected Chairman of the Board of Directors and that Charles Stipancic, Jr. has been appointed President and Chief Executive Officer.
Mr. Chambers co-founded the Company in 1992 and has been its President and Chief Executive Officer since that time. Mr. Stipancic, who joined the Company in 2003 as its Chief Operating Officer, is succeeding Mr. Chambers as President and Chief Executive Officer and will assume responsibility for the executive management of the Company.
Mr. Chambers said, “We are very pleased to announce that Chuck is taking over the day to day management of the Company and are confident in his ability to steer the Company through these increasingly challenging times. With know that Chuck will be successful in his new role given his knowledge of the industry and demonstrated leadership skills.”
About – AFCO is a recognized leader in the development, management and operation of airports and airport infrastructure. With broad capabilities and deep experience, AFCO provides an unparalleled level of service and value to its clients including airports, municipalities, commercial and cargo airlines, freight forwarders and a wide variety of other airport users.