Willis Lease Finance announced that Brad Forsyth will resign as chief financial officer, effective February 18.  A search for a permanent replacement has been initiated.

“We understand Brad’s decision to resign for personal reasons, and on behalf of the entire company, we thank Brad for his valuable counsel and financial leadership over the past nine years,” said Charles F. Willis, chairman and CEO of Willis Lease Finance. “We greatly appreciate his dedication and hard work, and we wish him well in the future.”

Following Forsyth’s departure and during the company’s search for a permanent replacement, functions previously performed by Forsyth will be managed with existing personnel. The company also will bring in temporary assistance as needed.

“The decision to leave Willis Lease was a difficult one for me,” said Forsyth.  “In the nine years I have served as chief financial officer at Willis Lease, I have greatly enjoyed working with many outstanding people. Together we have built a strong, resilient and diversified business that is a global leader in the aviation engine leasing market.”

Willis Lease Finance leases large and regional spare commercial aircraft engines, auxiliary power units and aircraft to airlines, aircraft engine manufacturers and maintenance, repair and overhaul providers in 120 countries.