Madison Air Solutions Appoints David Wisniewski as CAO, Bolstering Financial Controls
MAIR sits 25% above its 52-week low of $31 on light trading volume (0.2× avg).
Summary
Madison Air Solutions Corporation has appointed David M. Wisniewski, an experienced executive, as its new Chief Accounting Officer, a move that strengthens the company's financial reporting and internal controls following recent disclosures of material weaknesses.
Key Events · Executive and Board Changes · MAIR
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New Chief Accounting Officer Appointed
David M. Wisniewski, age 57, will assume the role of Chief Accounting Officer effective June 17, 2026.
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Experienced Financial Leader
Mr. Wisniewski previously served as Vice President, Global Controller and CAO for James Hardie Industries PLC and Senior Vice President and CAO for Gates Industrial Corporation PLC.
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Addresses Internal Control Weaknesses
This appointment follows the company's recent disclosure of material weaknesses in internal controls and a restatement of prior financials, making an experienced CAO critical for strengthening financial reporting.
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Compensation Package
Mr. Wisniewski will receive an annual base salary of $355,000, a target annual incentive award of 50% of base salary, and an award of equity appreciation rights units valued at approximately $700,000.
Analysis · MAIR · Technology
The appointment of David M. Wisniewski as Chief Accounting Officer is an important development for Madison Air Solutions, particularly in light of the company's recent disclosure of material weaknesses in internal controls and a restatement of prior financials. Mr. Wisniewski's extensive experience as a CAO at other public companies directly addresses the need to strengthen the company's financial reporting and internal control environment. This move signals a proactive effort by management to enhance financial integrity and governance.
At the time of this filing, MAIR was trading at $38.62 on NYSE in the Technology sector, with a market capitalization of approximately $6.8B. The 52-week trading range was $31.00 to $44.50. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.