Mobile, Alabama, October 1, 2019 — Continental®, an AVIC International Holding (HK) LTD
company (HKEX: 232.HK), announced today that Chief Executive Officer and President, Rhett Ross
plans to retire. Over the past 12 years, Ross has guided Continental® through a recession, the sale
to AVIC International Holding Corporation, and Continental’s listing on the Hong Kong Stock
Exchange. He led Continental® in five successful acquisitions to add technology and additional
product lines valued in excess of $40 million. Ross most recently championed the $75 million
construction of Continental’s new manufacturing facility in Mobile, Alabama, paving the way for the
future of Continental®.
During his tenure, Ross developed an accomplished team to guide the various sectors of the
business. The leadership team will be setting and leading the execution of the transformation
strategy for 2020 with a focus to grow the company with an extensive product breadth and
support customers across the globe.
“I have enjoyed my time with Continental,” said Rhett Ross. “It has been an honor to lead this
organization during such a dynamic time. I have been fortunate to work alongside such a
dedicated team that has a passion for building innovative and reliable products.”
Moving forward, Ross plans to reconnect with his family and begin the next phase of his life as an
entrepreneur in partnership with his wife.
A global search is currently underway for a new CEO. In the interim, Michael Skolnik has been
appointed Chief Operating Officer, COO, effective immediately. Skolnik joined Continental® in
2007 and has held various leadership positions in operations. Skolnik most recently was
promoted to Executive Vice President of Global Operations in 2016. In his new role as interim
CEO, he has full responsibility and authority of Continental Aerospace Technologies™ until such
time that the CEO position is fulfilled.
