CPI Aerostructures nanes Douglas McCrosson as President and CEO CPI Aerostructures announced that long-time CPI Aero executive and COODouglas J. McCrosson has been named President and CEO effective today, March 6. McCrosson has also been appointed to the Company’s board of directors. Edward J. Fred has resigned as President and CEO and as a director of the company. Fred resigned for personal reasons. Fred will remain with CPI Aero in an advisory capacity until May 16, 2014 and as a consultant to the company until November 16, 2015.