Spirit AeroSystems Holdings, Inc. (NYSE:SPR) insider has recently participated in insider trading activity. VP & Corporate Controller, Suchinski Mark sold 842 shares for $45.00 via one transaction Feb 16. Another notable insider trading was done by Pilla John A on Dec 10, who is the SVP/CTO. The insider acquired 4,958 shares at an average price of $49.96. Moreover, an insider selling of 500 shares was carried out by JOHNSON ROBERT D, Director, on Dec 01. Following the transaction, the insider now owns 14,600 shares in total. President & CEO Lawson Larry A sold 34,277 shares for $55.00 through one transaction Nov 02. Following this sale, this insider’s stake in the company comprises 508,252 shares, priced at $23405004.6 as of Thursday.
The stock has experienced a total of 21 insider trades in the past three months. These trades include 11 sell activities and 10 buy trades. Furthermore, over the past 12 months, the stock was traded 65 times by insiders. In 46 of these trades, the insider was a seller while an employee of the company was the buyer in just 19 instances.
On February 16, 2016 Spirit AeroSystems Holdings, Inc. (SPR) announced it has named Tom Gentile as executive vice president and chief operating officer (COO). Gentile will join the company April 1 , reporting directly to Spirit President and Chief Executive Officer Larry Lawson .
As Spirit COO, Gentile will be responsible for the strategic leadership, profitable growth, development and operation of the company’s core business units. He will oversee all of Spirit’s programs as well as all aspects of engineering, operations and business development.
“Tom’s addition to the Spirit leadership team will further enhance both our strategic and operational focus. He has demonstrated success in managing and growing large, complex, global technology businesses across a multitude of industries,” said Lawson. “I look forward to working closely with Tom as we continue to transform Spirit into a world-class enterprise.”
Gentile has held a succession of leadership roles at General Electric divisions over the last two decades, most recently serving as president and chief operating officer of GE Capital. His GE career also included serving as president and CEO of GE Aviation’s Services division, a $7 billion global business overseeing the maintenance, repair and overhaul of GE’s jet engines, as well as president and CEO of GE Healthcare Systems, a $14 billion global business managing GE’s line of diagnostic imaging equipment and medical devices. Prior to joining GE, Gentile spent five and a half years with McKinsey & Company.
“Spirit AeroSystems is an incredibly strong, capable global company, that has a tremendous backlog of existing orders and significant growth opportunities,” Gentile said. “I’m looking forward to working with Larry and the rest of the Spirit team to help continue propelling Spirit forward.”
Gentile holds a bachelor’s degree in Economics as well as an MBA from Harvard University . He is also active on boards for a number of non-profit organizations.
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