Nordam CEO Meredith Siegfried announced that Hastings Siegfried will relocate to Singapore as COO, Asia-Pacific sales and technical services. Siegfried moves up from vice chairman and COO of the company’s transparency division and will retain his role as vice chairman of the Nordam board. Siegfried has extensive international experience in bringing many successful new programs to the transparency division. Before that he served as the repair division general manager.
With assumption of the CEO position by Meredith Siegfried, the Siegfried family has again taken on a leadership role at long-time aviation components provider Nordam. “This [leadership change] is in accordance with Nordam’s long-term succession plan to return leadership of the company to a member of the Siegfried family,” said Bill Peacher, who stepped down as CEO following a board meeting on July 12.
In 1969, a youthful Ray Siegfried II, just four years out of Notre Dame University, bought Nordam with its eight workers out of bankruptcy. Over the next 34 years he and his team proceeded to build the Tulsa, Okla. company into a major aircraft component manufacturer, overhaul and repair provider with more than 3,000 employees in facilities around the globe.