TES Aviation Group appoints new CEO

TES Aviation Group announced today that Ashley Cooper, Founder and CEO of TES Aviation Group, will step down from his executive position effective July 4th 2014. The Board of Directors are delighted to announce that Mathew Burris, who is currently COO, will assume the position of CEO. Ashley Cooper will remain on the Board of TES Aviation Group as a Non-Executive Director.

Ashley Cooper said “It has been my pleasure to lead TES to an organisation of 140 people with offices on 3 continents, revenues in excess of $150m and being industry recognised as one of the leading aircraft engine asset managers. I look forward very much to my future role in helping to shape the future TES strategy as a Non-Executive Board member. I am delighted that Mat Burris has been appointed to succeed me. Mat is a 12 year veteran of TES and, having served as both CFO and COO, has the business knowledge and skill-set to lead the organisation through its next exciting phase of development.”

David Goring-Thomas, Managing Director, Aviation Finance at DVB Bank SE and Chairman of the TES Aviation Group Board of Directors said “Since DVB invested in TES in 2007 the business has grown significantly under Ashley’s leadership. Ashley will continue to be involved in the TES business and we wish him well in his other non-aviation related business interests. We are delighted to appoint Mat Burris to succeed Ashley as CEO. Mat is an ACA qualified Chartered Accountant and holds a Diploma in Management Direction from the Institute of Directors, London.

As a board member and #2 in TES for the past 7 years, Mat has been instrumental in driving the TES business growth, formulating the business strategy and implementing that strategy with a broad range of high profile clients. We are confident that Mat will rise to the challenge of leading the organisation as CEO.”

Mathew Burris, CEO elect stated “I am delighted to assume the position of CEO at this stage of the corporate development of the business. TES is well positioned to build upon the long term mutually beneficial partnerships that we have developed over a number of years. These partnerships are the cornerstone of our future and continued success. We will continue to expand our business relationships with a broad range of OEM, MRO, airline and Investor groups in the cost effective management of engine operation and maintenance, whilst at the same time further enhancing our market offering from a technical, commercial and logistics management perspective”

About TES Aviation Group : TES Aviation Group (www.tes-uk.com) is one of the foremost aircraft engine asset managers, offering tailored engine management solutions to a broad range of clients in the areas of Technical Serves, Fleet Management, Risk Management, Engine Leasing, and Bespoke Material Supply Partnerships. TES is headquartered in Bridgend, Wales, UK with offices in Amsterdam, Singapore and Dallas. TES share ownership is 40% DVB Bank SE, 35% Mitsubishi Corporation and 25% Development Bank of Japan.