{"id":755034,"date":"2023-05-04T12:27:50","date_gmt":"2023-05-04T16:27:50","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/michael-t-steen-to-become-chief-executive-officer-of-atlas-air-worldwide\/"},"modified":"2023-05-04T12:27:50","modified_gmt":"2023-05-04T16:27:50","slug":"michael-t-steen-to-become-chief-executive-officer-of-atlas-air-worldwide","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/michael-t-steen-to-become-chief-executive-officer-of-atlas-air-worldwide\/","title":{"rendered":"Michael T. Steen to Become Chief Executive Officer of Atlas Air Worldwide"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"center\">\n        <em>CEO John W. Dietrich to Retire after Nearly 25 Years in Leadership Roles<\/em>\n      <\/p>\n<p align=\"center\">\n        <em>CFO Spencer Schwartz to Retire after Nearly 15 Years with Atlas <\/em>\n      <\/p>\n<p>PURCHASE, N.Y., May  04, 2023  (GLOBE NEWSWIRE) &#8212; Atlas Air Worldwide (\u201cAtlas\u201d or \u201cthe Company\u201d) announced today that Michael T. Steen, Executive Vice President and Chief Commercial Officer of Atlas, has been appointed Chief Executive Officer (CEO) of the Company, in line with the Company\u2019s long-term succession plan, effective June 15, 2023. Mr. Steen succeeds John W. Dietrich, who is retiring from the Company after nearly 25 years. Additionally, the company announced that Spencer Schwartz, Executive Vice President and Chief Financial Officer (CFO) is retiring from his role, effective June 15, 2023.<\/p>\n<p>Mr. Steen has more than 30 years of experience in aviation and logistics, including 16 years of executive leadership experience with Atlas. He has served as Chief Commercial Officer since 2007 and has been responsible for leading the Company\u2019s strategy and growing market share, as well as developing and diversifying the Company\u2019s roster of blue-chip customers. In addition to his role at Atlas, he currently serves on the Board of Directors at CHC Helicopters. A new chief commercial officer will be named following Mr. Steen\u2019s appointment as CEO.<\/p>\n<p>\u201cMichael\u2019s leadership experience, strong track record of innovation and success, and consistent focus on the company\u2019s customer-centric mission makes him the ideal candidate to lead Atlas forward in its next phase of growth,\u201d said David Siegel, Chairman of the Board. \u201cOn behalf of the Board, we look forward to working closely with Michael to execute on Atlas\u2019 strategic growth plans and continuing to build on the Company\u2019s strong commitment to safety, quality and service excellence.\u201d<\/p>\n<p>&#8220;I am thrilled by the opportunity to lead our incredible Atlas team as we design and execute our vision for growth and embark on new and exciting opportunities as a private company,\u201d said Mr. Steen. \u201cThis is a transformative time for Atlas, and the continued support from Apollo, J.F. Lehman and Hill City will play an important role as we enhance our capabilities and deliver new solutions for our customers. I am grateful for John\u2019s leadership, and look forward to building on this strong foundation of global success. I also thank Spencer for his partnership and contributions throughout his time with the Company.\u201d<\/p>\n<p>\u201cWe thank John for his leadership of the talented Atlas team and the significant contributions he\u2019s made to build Atlas\u2019 position as a global leader in airfreight. Under his leadership as CEO, Atlas navigated one of the most dynamic and challenging periods the aviation industry has ever faced, affirming the essential role Atlas serves in the global supply chain,\u201d continued Mr. Siegel. \u201cAdditionally, we want to recognize Spencer for his stewardship of the Company\u2019s financial strategy, helping to drive record earnings and supporting the Company\u2019s growth and diversification.\u201d<\/p>\n<p>Mr. Dietrich\u2019s retirement follows a highly accomplished career at Atlas, where he held numerous leadership roles since 1999. Through his tenure, the company has significantly expanded and diversified its service offerings, building from a single-gauge 747 ACMI (aircraft, crew, maintenance, insurance) cargo business to many gauges of aircraft, as well as the expansion into express, eCommerce, passenger service and aircraft leasing businesses. During this time, the Company also continued to expand its military business in both cargo and passenger sectors.<\/p>\n<p>\u201cI am immensely grateful for my time at Atlas over the last nearly 25 years, and proud of all that our exceptional team has achieved together,\u201d said Mr. Dietrich. \u201cBeing part of Atlas\u2019 growth and global expansion has been incredibly rewarding. I know that the Company is well positioned to further accelerate its growth and will continue to deliver value for all stakeholders under Michael\u2019s capable leadership.\u201d<\/p>\n<p>Mr. Schwartz is retiring from the Company following a successful 35-year career in finance, including nearly 15 years at Atlas. Artem Gonopolskiy, Senior Vice President, Financial Planning and Analysis, will assume the role of interim CFO following Mr. Schwartz\u2019s retirement as the Company conducts a formal search process for a permanent successor.<\/p>\n<p>\n        <strong>About Atlas Air Worldwide:<\/strong><br \/>\n        <br \/>Atlas Air Worldwide is a leading global provider of outsourced aircraft and aviation operating services. It is the parent company of Atlas Air, Inc., and Titan Aviation Holdings, Inc., and is the majority shareholder of Polar Air Cargo Worldwide, Inc. Our companies operate the world\u2019s largest fleet of 747 freighter aircraft and provide customers the broadest array of Boeing 747, 777, 767 and 737 aircraft for domestic, regional and international cargo and passenger operations.<\/p>\n<p>Atlas Air Worldwide\u2019s press releases and other information may be accessed through the company\u2019s home page, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=gP_Bwhs2iZsyOOnEzeLD7ayFFQyiYFWip5kBfJ5xfW2Qi6zpDKHr5cV5qQT_6lK5vxJjuuhvthzhi5-R0ZEJe2-rC3w_wjqW3cKO8sN_RR8=\" rel=\"nofollow noopener\" target=\"_blank\">www.atlasairworldwide.com<\/a><\/p>\n<p>Contacts: Media \u2013 <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=K1UjreTPWdfmfgB7dbo_vrybM3RZ63iQs7-bAlf2wJDlCJA0i62IZIOOFII9oeBuheH0OJzta3pbQFj2v1Q3jcG8IgLLU3sikLLz0QS7HEuIrnoaDq6yYCxSBIKV5e59\" rel=\"nofollow noopener\" target=\"_blank\">CorpCommunications@atlasair.com<\/a><\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgzMjE1NCM1NTc1NTIzIzIwMDU2MzE=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/MmZlOGFkODMtNjY0NC00ZDljLTg3YjYtOTRlNzcyYzQ3MjU3LTEwMTcyMDQ=\/tiny\/Atlas-Air-Worldwide-Holdings.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>CEO John W. Dietrich to Retire after Nearly 25 Years in Leadership Roles CFO Spencer Schwartz to Retire after Nearly 15 Years with Atlas PURCHASE, N.Y., May 04, 2023 (GLOBE NEWSWIRE) &#8212; Atlas Air Worldwide (\u201cAtlas\u201d or \u201cthe Company\u201d) announced today that Michael T. Steen, Executive Vice President and Chief Commercial Officer of Atlas, has been appointed Chief Executive Officer (CEO) of the Company, in line with the Company\u2019s long-term succession plan, effective June 15, 2023. Mr. Steen succeeds John W. Dietrich, who is retiring from the Company after nearly 25 years. Additionally, the company announced that Spencer Schwartz, Executive Vice President and Chief Financial Officer (CFO) is retiring from his role, effective June 15, 2023. Mr. Steen has more &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/michael-t-steen-to-become-chief-executive-officer-of-atlas-air-worldwide\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Michael T. Steen to Become Chief Executive Officer of Atlas Air Worldwide&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-755034","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Michael T. Steen to Become Chief Executive Officer of Atlas Air Worldwide - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/michael-t-steen-to-become-chief-executive-officer-of-atlas-air-worldwide\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Michael T. Steen to Become Chief Executive Officer of Atlas Air Worldwide - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CEO John W. Dietrich to Retire after Nearly 25 Years in Leadership Roles CFO Spencer Schwartz to Retire after Nearly 15 Years with Atlas PURCHASE, N.Y., May 04, 2023 (GLOBE NEWSWIRE) &#8212; Atlas Air Worldwide (\u201cAtlas\u201d or \u201cthe Company\u201d) announced today that Michael T. Steen, Executive Vice President and Chief Commercial Officer of Atlas, has been appointed Chief Executive Officer (CEO) of the Company, in line with the Company\u2019s long-term succession plan, effective June 15, 2023. Mr. Steen succeeds John W. Dietrich, who is retiring from the Company after nearly 25 years. Additionally, the company announced that Spencer Schwartz, Executive Vice President and Chief Financial Officer (CFO) is retiring from his role, effective June 15, 2023. Mr. Steen has more &hellip; Continue reading &quot;Michael T. 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Steen, Executive Vice President and Chief Commercial Officer of Atlas, has been appointed Chief Executive Officer (CEO) of the Company, in line with the Company\u2019s long-term succession plan, effective June 15, 2023. Mr. Steen succeeds John W. Dietrich, who is retiring from the Company after nearly 25 years. Additionally, the company announced that Spencer Schwartz, Executive Vice President and Chief Financial Officer (CFO) is retiring from his role, effective June 15, 2023. Mr. Steen has more &hellip; Continue reading \"Michael T. Steen to Become Chief Executive Officer of Atlas Air Worldwide\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/michael-t-steen-to-become-chief-executive-officer-of-atlas-air-worldwide\/","og_site_name":"Market Newsdesk","article_published_time":"2023-05-04T16:27:50+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgzMjE1NCM1NTc1NTIzIzIwMDU2MzE=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/michael-t-steen-to-become-chief-executive-officer-of-atlas-air-worldwide\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/michael-t-steen-to-become-chief-executive-officer-of-atlas-air-worldwide\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Michael T. 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