Logistechs Names CEO

Material planning and support solutions provider taps Ryder Systems veteran

Scottsdale, AZ  July 9, 2002  Logistechs, an inventory planning and asset management firm for the airline industry, has appointed logistics and supply chain veteran Richard Jennings CEO.

Jennings, 52, comes to Logistechs from Ryder Systems where he was a vice president and officer in the Supply Chain Solutions group. Jennings replaces Craig Ballard, who assumes the role of president and chief operating officer. 

Jennings has more than 25 years of experience in transportation, logistics and supply chain management. During his 14-year career at Ryder he managed various dedicated contracts with large international companies. During the last eight years he grew an automotive group from three employees who provided basic transportation planning into a 2,000-strong network in seven countries that delivers comprehensive supply chain management solutions, including complex material flow systems that directly support manufacturing.

"Logistechs is taking an important step as a company," said Ballard. "We have an aggressive asset management strategy to provide innovative material support solutions to commercial airlines and their suppliers, and Richard Jennings can take us to the next level."

Ballard added that Jennings had successfully managed a just-in-time supply network for clients such as General Motors. "These systems support live manufacturing plants with no margin for error, which is an ideal background for working in the critical, time-sensitive airline material support business," said Ballard.

Logistechs provides integrated material planning and support solutions to the airline industry. Based in Scottsdale, Ariz., the company offers software tools for inventory planning, spare part pooling and material support programs. Logistechs customers include America West Airlines, Mesa Airlines, Air Canada, Horizon Air and GE Engine Services.