Following Bankruptcy Filing, Incora Adds New Hardware Leader - Modern Distribution Management

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Following Bankruptcy Filing, Incora Adds New Hardware Leader

Kevin Matthies was appointed in order to continue to build a 'team of leaders to sustain the business and its recent momentum.'
Incora
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Fort Worth, Texas-based aircraft components distributor Incora announced Aug. 10 that it has appointed Kevin Matthies as its new Executive Vice President of Global Hardware. In his role, Matthies will report to Wayne Hollinshead, Incora President and Chief Operating Officer.

Kevin Matthies

Matthies has spent the past decade working for Spirit Aerosystems, where he served in multiple roles, including Senior Vice President, Chief Engineering Technology Officer and Chief Quality Officer; Senior Vice President, Global Fabrication; Vice President and General Manager of the 787 Programs; and Vice President of the Airbus Programs.

He also took on the management of Spirit’s Boeing Programs as Senior Vice President and General Manager, overseeing a multibillion-dollar P&L and a team of nearly 4,000 personnel with a focus on program direction, factory operations and customer relations, Incora said.

“I am honored to join the Incora team and the global hardware business,” Matthies said in a company news release. “The work Incora does is crucial in the aerospace and defense industry, and I am excited to be a part of this incredible team. I’m looking forward to bringing my experience in the industry to help continue to deliver for Incora’s customers and explore new opportunities to grow the business.”

Incora ranks No. 20 among fastener distributors on MDM’s 2023 Top Distributors Lists.

In June, the company announced it had filed for Chapter 11 bankruptcy protection, upon citing reduced demand for aircraft maintenance and ongoing litigation over the company’s efforts to restructure its debt.

At the time, Incora said the company had entered into an agreement that would provide it with more than $300 million in debtor-in-possession financing, which Incora said will be used to fund operations throughout the process and position the company’s capital structure for long-term growth.

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