CLEVELAND, May 26, 2023 /PRNewswire/ -- TransDigm Group
Incorporated (NYSE: TDG) ("the Company") announced today the
upcoming retirement of Chief Operating Officer Jorge L. Valladares III, the appointment of Mr.
Valladares to the Company's Board of Directors, the appointment of
Mike Lisman and Joel Reiss as Co-Chief Operating Officers, and
the appointment of Sarah Wynne as
Chief Financial Officer.
Retirement of Chief Operating Officer Jorge L. Valladares III
Mr. Valladares will retire at the end of the TransDigm's 2023
fiscal year and has served as the Company's Chief Operating Officer
for the past four years. Mr. Valladares' prior roles include
co-COO, Executive Vice President, and President of three TransDigm
operating units. Mr. Valladares will aid in the transition of his
role to Mike and Joel until his retirement date. He has also joined
the Company's Board of Directors, effective as of today.
Mr. Stein, the Company's President and Chief Executive Officer,
stated, "During Jorge's recent tenure as COO and across more than
25 years at the Company, he has been an integral part of the
long-term value creation at TransDigm and a key player in the
cultural preservation of the Company. Jorge has done a truly
outstanding job, and we sincerely thank him for his dedication. We
look forward to having Jorge continue to contribute to the growth
of TransDigm as a member of the Company's Board."
Appointment of Mike Lisman and
Joel Reiss as Co-Chief Operating
Officers
Mr. Lisman, the Company's Chief Financial Officer, and Mr.
Reiss, an Executive Vice President of the Company, have now assumed
the roles of co-COOs.
Mr. Lisman has served as the Company's Chief Financial
Officer for the past five years. Prior to becoming CFO, he worked
at AeroFluid Products (a TransDigm operating unit) and on the
Mergers & Acquisitions team at TransDigm. Before joining
the Company, Mike worked at Warburg Pincus.
Mr. Reiss is a long-time employee of TransDigm, having joined
the Company in 2000. He has been an Executive Vice President for
the last eight years. Prior to that, Mr. Reiss served as President
of Hartwell Corporation and President of Skurka Aerospace, both of
which are operating units of TransDigm. Before becoming an
operating unit President, Mr. Reiss was the Director of Operations
at TransDigm's Adams Rite Aerospace operating unit.
Appointment of Sarah Wynne as
Chief Financial Officer
Ms. Wynne has assumed the role of Chief Financial Officer, after
having served as TransDigm's Chief Accounting Officer for the past
five years. She brings strong experience in operational and GAAP
accounting to her new assignment and has been with TransDigm for 20
years.
Before becoming the Company's Chief Accounting Officer, she
served as a Group Controller overseeing the financial reporting of
several operating units. Prior to that, Ms. Wynne served as a
Controller at the Company's AeroFluid Products operating unit and
held various accounting positions in TransDigm's corporate
office.
Mr. Stein, stated, "Sarah, Mike and Joel bring a unique mix of
experience in a broad range of aerospace businesses to their new
roles. They are experienced senior executives with proven track
records. We are very excited to be able to promote
internally-developed, long-term employees to each of these roles to
continue to perpetuate our unique culture. I'm confident that they
will continue to create the kind of value that has been the
long-term hallmark of TransDigm."
About TransDigm Group
TransDigm Group, through its wholly-owned subsidiaries, is a
leading global designer, producer and supplier of highly engineered
aircraft components for use on nearly all commercial and military
aircraft in service today. Major product offerings, substantially
all of which are ultimately provided to end-users in the aerospace
industry, include mechanical/electro-mechanical actuators and
controls, ignition systems and engine technology, specialized pumps
and valves, power conditioning devices, specialized AC/DC electric
motors and generators, batteries and chargers, engineered latching
and locking devices, engineered rods, engineered connectors and
elastomer sealing solutions, databus and power controls, cockpit
security components and systems, specialized and advanced cockpit
displays, engineered audio, radio and antenna systems, specialized
lavatory components, seat belts and safety restraints, engineered
and customized interior surfaces and related components, advanced
sensor products, switches and relay panels, thermal protection and
insulation, lighting and control technology, parachutes, high
performance hoists, winches and lifting devices, and cargo loading,
handling and delivery systems.
Contact:
Investor Relations
(216) 706-2945
ir@transdigm.com
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