David P. Storch served as the CEO of AAR Corp. from 2005 to 2018. He has a Bachelor's degree in Business Administration from the University of Michigan, which laid a solid foundation for his career in management. Under his leadership,...
David P. Storch served as the CEO of AAR Corp. from 2005 to 2018. He has a Bachelor's degree in Business Administration from the University of Michigan, which laid a solid foundation for his career in management. Under his leadership, AAR Corp. underwent significant transformations, following his appointment as chairman after the retirement of the company's founder, Ira A. Eichner. Storch’s tenure included remarkable financial performance, particularly highlighted in 2017 when he earned over $6 million, primarily from performance-based bonuses and stock options tied to company results. Notably, Storch decided not to take bonuses during challenging times for the company to show commitment during customer bankruptcies. He was reported to have a substantial wealth accumulation through stock options and vested restricted stock, with his holdings peaking significantly around pivotal changes in the company. After nearly four decades at AAR, he shifted to a chairman role after retirement from the CEO position, illustrating a longstanding commitment to the company’s vision and strategy. Storch's strategic decisions and leadership style have helped AAR Corp. maintain its market position in the aviation and transportation industry, ensuring ongoing success even after his departure.