AAR CORP has named Andrew Schmidt its Senior Vice President of AAR Digital Services and Trax.
Schmidt will work closely with the Trax founders and their leadership team to scale the Trax business by growing the customer base, enhancing customer support, and expanding product offerings through digital innovation. He will help to execute the Company’s strategy for Trax, which includes building a foundation for a new parts ecosystem in coordination with AAR and parts suppliers and more broadly incorporating AI into Trax’s offerings.
Schmidt brings more than 30 years of experience across aviation, finance, and digital solutions, including serving as AAR’s Senior Vice President of Intelligent Solutions from 2011 to 2018.
Under Schmidt’s leadership, AAR acquired and integrated Airinmar and launched PAARTS Store, bringing the Company’s parts sales online to increase revenue and expand product reach to additional customers. In addition to AAR, Schmidt held various other senior-level roles, including with Seabury Capital, Macquarie Capital’s Aviation and Aerospace Investments, and Oliver Wyman.
“Opportunities exist to more rapidly deploy Trax’s entire portfolio of products and services for existing and new customers to realize operating efficiencies and productivity improvements in their workforces. We are determined to leverage Trax’s position in the mobile software market and expand it to encompass autonomous enterprise solutions,” said Schmidt. “I am excited to work with the Trax team to execute our shared vision.”
“Andy has been involved in our relationship with Trax since the beginning and recognizes the opportunities that exist to strengthen Trax’s foundation and potentially facilitate AAR’s investments in other complementary digital applications and businesses,” said John M. Holmes, chairman, president and chief executive, AAR. “We are excited about his support to grow the Trax business and position AAR’s existing digital services for even greater commercial success.”