Management

Mr. Fred has been President of the Company since January 2002. He was appointed Chief Executive Officer in January 2003. Prior to being appointed President, Mr. Fred held various positions with the company beginning in February 1995. For approximately ten years prior to joining the Company, Mr. Fred served in various positions for the international division of Grumman, where he last held the position of Controller. In 2004, Mr. Fred was the recipient of the Long Island Association's Small Business Entrepreneurial Advocate Award, and in 2005, was named an Ernst & Young Entrepreneur of the Year Award recipient. He was a panelist at the 2004 Forbes Dynamic Growth Companies Conference and had his work published in the Journal of Management Development. Mr. Fred holds a BBA in Accounting from Dowling College (1980), and graduated from the Inaugural Executive MBA program at Hofstra University in May 2002.

Mr. Palazzolo has been Chief Financial Officer of the Company since May 2004. From 1988 to 2003, Mr. Palazzolo was employed by Goldstein Golub Kessler LLP ("GGK"), where he was Audit Partner from 1999 to 2003. In that role, he managed all aspects of the firm's audit practice, including SEC reporting and compliance. Mr. Palazzolo also has extensive experience working with manufacturing and distribution companies, as well as corporate finance and mergers and acquisitions. GGK was retained by CPI Aero from 1994 through May 2004, and during this time, Mr. Palazzolo was an integral member of the CPI audit team. Concurrently with his GGK duties, Mr. Palazzolo was Managing Director at American Express Tax and Business Services, Inc. Mr. Palazzolo holds a Bachelor of Business Administration in Accounting from Hofstra University, is a Certified Public Accountant, a member of AICPA and NYSSCPA.

Mr. McCrosson joined CPI Aero in May 2003 as Director of Business Development. He was promoted to: Vice President of Business Development in January 2006; Vice President of Operations in January 2007; Senior Vice President of Operations (heading CPI Aero’s Business Development, Engineering, Procurement and Manufacturing organizations) in January 2008; and once again to Chief Operation Officer in January 2009.

Prior to joining CPI Aero, Mr. McCrosson was Corporate Secretary and Vice President of Frisby Technologies, Inc. and earlier, he was employed by Frisby Aerospace, Inc. in various engineering and marketing positions. He started his career as a mechanical engineer at Grumman Corporation. Mr. McCrosson holds a Bachelor of Science degree in mechanical engineering from the State University of New York at Buffalo and a Master of Science degree in Management from Polytechnic University. He is a member of the Supplier Management Council of the Aerospace Industries Association, the United States’ leading aerospace industry trade group.