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Flying Colours, the North American maintenance, repair and overhaul (MRO) business, has appointed Debbie Ammann, formerly chief financial officer, to the newly created position of senior vice-president, Finance and Administration.
The position of CFO has been filled by new appointee Alysia Carter, who takes up the role with immediate effect.
As Flying Colours continues to enhance its international presence, Ammann will work cloely with the senior executive team to ensure commercial efficiency, oversee new financial processes and coordinate commercial strategy across the existing sites in the United States, Canada and Singapore.
She will also explore the commercial viability of further international sites.
Ammann has been part of the Flying Colours team for more than 30 years and will use her intricate company knowledge to accelerate future growth.
“As the company enters the next development phase I am delighted to support the evolution and implementation of new financial processes to ensure streamlined growth. My experience working with the senior team will be invaluable as we move forward,” said Ammann.
Having spent over 25 years in the accounting and financial sectors, Carter takes on the role at a time of significant company expansion. Her previous experience brings knowledge of large complex project accounting and understanding of rapid business expansion to the organization.
She is already working on a global strategic overview of the company’s financial reporting to rationalize day-to-day commercial processes.
“I’m thrilled to become part of the company at such an exciting time. There is so much potential for the business and I’m looking forward to supporting the senior team as they implement commercial strategy,” said Carter about her role.
Both Ammann and Carter are based at the Peterborough, Ont., headquarters, reporting directly to president and CEO John Gillespie, who said:
“Flying Colours’ international business is evolving at a rapid pace. The global growth, the increased number of team members and our expanding customer base, necessitates an extremely talented financial team. We are delighted to promote Debbie to one of our company’s most senior executive positions. She has supported us from the start and been integral in driving the company success. Alysia’s appointment demonstrates our commitment to building solid financial structures for continued growth and we are pleased to welcome her to the team.”
