Lancair gets new chiefs
Gene Wolstenholme and son, Bob, have assumed leadership roles with Lancair International after increasing holdings from 40 percent to 80 percent through new investment.
The two also operate companies in Pennsylvania. Wolstenholme Machine located in Colmar, Pa., specializes in precision parts for the medical, aerospace, and telecommunication industries. Subsidiary WM Robots designs and builds robots for bomb disposal and mine detectors for the U.S. and Canadian markets.
Wolstenholme is now the Lancair International chairman while his son is president and CEO. Tom Bowen continues to head company operations.
“It is no secret that the Central Oregon area continues to suffer through double digit unemployment, and this once vibrant aerospace manufacturing center has also suffered with the failures of Epic and Columbia,” Bowen said. “I am determined to do everything I can to maintain Lancair as a world-class company and to grow it into the future as we continue to design, build and service premium aircraft.”
“We are focused on the future,” said Wolstenholme, “We have a world-class product in our 320 knot, $1.2 million Evolution owner-built aircraft.”
Joe Bartels, CEO of LCTI/Lancair International since 2003, resigned as president and CEO according to the terms of a June 7 investment agreement, and will remain a minority percentage owner of the company.
July 7, 2010