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

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

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.

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!