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- Departure Of Ceo (new) — Current CEO Russell Ford is retiring effective October 1, 2026 after informing the board of his decision.
StandardAero CEO Russell Ford retiring Oct 2026, board appoints Paul McElhinney as successor
Filed June 2, 2026 · Period ending June 1, 2026 · ~1 min read
Key Changes
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CEO Russell Ford retiring effective October 1, 2026 after leading the company; will serve as Executive Chairman through year-end to facilitate transition before stepping down as Chairman January 1, 2027.
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Board appointed Lead Independent Director Paul McElhinney, a 35-year industry veteran, as new CEO effective October 1, 2026 with $1.1M salary, 125% target bonus, and $20M in equity grants vesting over four years.
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McElhinney's severance package includes 1.5x salary plus bonus if terminated without cause, increasing to 2.0x in connection with a change of control within 24 months.
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2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Source-verified from EDGAR · Narrative written by AI · Jun 3, 2026 · How we verify