Atlas Air Worldwide has released that Michael T. Steen, Executive Vice President and Chief Commercial Officer of Atlas, has been appointed Chief Executive Officer (CEO) of the company, in line with the company's long-term succession plan, effective June 15, 2023. Steen succeeds John W. Dietrich, who is retiring from the company after nearly 25 years. Additionally, the company announced that Spencer Schwartz, Executive Vice President and Chief Financial Officer (CFO) is retiring from his role, effective June 15, 2023.
Steen has more than 30 years of experience in aviation and logistics, including 16 years of executive leadership experience with Atlas. He has served as Chief Commercial Officer since 2007 and has been responsible for leading the company's strategy and growing market share, as well as developing and diversifying the Company's roster of blue-chip customers. In addition to his role at Atlas, he currently serves on the Board of Directors at CHC Helicopters. A new chief commercial officer will be named following Steen's appointment as CEO.
Dietrich's retirement follows a highly accomplished career at Atlas, where he held numerous leadership roles since 1999. Through his tenure, the company has significantly expanded and diversified its service offerings, building from a single-gauge 747 ACMI (aircraft, crew, maintenance, insurance) cargo business to many gauges of aircraft, as well as the expansion into express, eCommerce, passenger service and aircraft leasing businesses. During this time, the company also continued to expand its military business in both cargo and passenger sectors.
