Qarbon Aerospace welcomes new CEO Michael Canario
20 Nov 2023
Executive ChangeIPO
Michael Canario, CEO of Qarbon Aerospace. Photo Credit: Qarbon Aerospace
Qarbon Aerospace Inc. (Red Oak, Texas, U.S.), a manufacturer specializing in medium to large complex composite components and assemblies, has announced a significant leadership transition. Effective Nov. 6, 2023, the company welcomed Michael Canario as the new chief executive officer (CEO), marking a strategic move to propel Qarbon Aerospace into a new phase of growth and innovation. This development follows the departure of Pete Wick, who stepped down after years of dedicated service. Qarbon expresses heartfelt appreciation for Wick’s invaluable contributions that have significantly shaped Qarbon Aerospace’s journey.
With a 35-year career in aerospace, defense and advanced materials, Canario brings extensive experience and a diverse background in operations, finance, sales and marketing to his role. His industry journey includes serving on the Qarbon board of directors and holding key leadership positions, such as president and CEO of Norsk Titanium, a metal 3D printing company, and president of aerospace, Americas at advanced composites company Hexcel Corp.
During his tenure at Norsk Titanium, Canario led the organization through the initiation of serial production of qualified structural titanium components, culminating in a successful initial public offering (IPO). At Hexcel, he oversaw an organization of more than 3,000 employees across eight facilities, specializing in the manufacturing of aerostructures and composite materials.
“I’m excited to join a company that traces its history over 100 years to the chief engineer of the Wright Company, Chance Vought. Qarbon Aerospace has impressive assets, great customers and truly outstanding employees,” Canario says. “I believe the company is uniquely positioned to grow its Aerostructures business globally.”
The decision to appoint Canario as the new CEO underscores Qarbon Aerospace’s commitment to advancing its robust foundation built over the last 3 years. His prior involvement on the Qarbon board of directors has provided him with a thorough understanding of the company’s capabilities and opportunities. Canario's appointment aligns with the company’s mission, reaffirming belief in both present and future growth potential. As Qarbon Aerospace embraces this transformative change, the company emphasizes its lasting commitment to operational excellence and determination to remain a leader in advancing composite structures within the aerospace industry.
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