CLEVELAND, Oct. 11, 2017 /PRNewswire/ -- TransDigm
Group Incorporated (NYSE: TDG), a leading global designer, producer
and supplier of highly engineered aircraft components, announced
today the appointment of Gary E.
McCullough and David A. Barr
to its Board of Directors.
Mr. McCullough brings to the Board public company leadership and
public board experience. Mr. McCullough has served as
an investor and advisor to Abundant Venture Partners, a
Chicago-based venture capital
company, and to various other early stage companies since
2012. Mr. McCullough was Chief Executive Officer of
Advertising Resources, Inc., a private company that provides design
and packaging co-manufacturing and logistics for consumer package
goods companies, from 2014 until its sale in
2017. From 2007 to 2011, Mr. McCullough was
President and Chief Executive Officer and served on the Board of
Directors of Career Education Corporation, a publicly traded
education services company. Previously, Mr. McCullough served
in management positions with increasing responsibility at Ross
Products, Abbott Laboratories, Wm. Wrigley Jr. Company and The
Procter & Gamble Company.
In addition to his service on the Board of Directors of
Career Education Corporation, a Nasdaq listed company, Mr.
McCullough served on the Board of Directors of The Sherwin Williams
Company, a New York Stock Exchange listed manufacturer of coatings,
from 2002 – 2011. During his entire Board tenure at Sherwin
Williams, Mr. McCullough served on the Audit Committee and served
as the Audit Committee Chair during 2011. Nicholas Howley, Chairman and Chief Executive
Officer of TransDigm Group, stated, "We are pleased that Gary has
agreed to become a member of our Board. He is a seasoned operating
executive with public company Board experience and a private equity
mindset. We are fortunate to attract an executive of his
caliber."
Mr. Barr brings to the Board public company board experience, as
well as enhancing the Board's private equity approach.
Mr. Barr was affiliated with Warburg Pincus LLC, a private equity
fund, from 2000 – 2017, where he served as Managing Director since
2001 and as Co-Head of its Industrial and Business Services Team
and member of its Executive Management Group. Prior to that
Mr. Barr held positions at Butler Capital Corporation and The
Goldman Sachs Group, Inc.
Mr. Barr has been a director of Builders FirstSource, Inc.,
a Nasdaq-listed supplier of building products and services, since
April 2017 and previously served on
that company's board from February
2006 – July 2016. Mr. Barr was previously a director
of ARAMARK Holdings Corp., an NYSE-listed provider of food,
facilities and uniform services, from November 2013 - February
2016, and Polypore International Inc., an NYSE-listed high
technology filtration company, from 2006 - 2011. Mr. Barr
also previously served on the Board of TransDigm Group from 2003 –
2011. Nicholas Howley,
Chairman and Chief Executive Officer of TransDigm Group, stated,
"We are pleased that David has agreed to rejoin our Board. His
previous input and contributions to our Board were extremely
valuable and we look forward to the benefit of his continued
insight."
The board of directors has determined that Mr. McCullough
and Mr. Barr are independent under applicable listing standards of
the New York Stock Exchange and the rules and regulations of the
Securities Exchange Commission. Mr. McCullough will serve on
the Company's Audit Committee and Mr. Barr will serve on the
Company's Nominating and Corporate Governance Committee.
About TransDigm
TransDigm Group Incorporated, 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, NiCad batteries and chargers, engineered latching and
locking devices, rods and locking devices, engineered connectors
and elastomers, cockpit security components and systems,
specialized cockpit displays, aircraft audio systems, specialized
lavatory components, seatbelts and safety restraints, engineered
interior surfaces and related components, lighting and control
technology, military personnel parachutes, high performance hoists,
winches and lifting devices, and cargo loading, handling and
delivery systems.
Contact:
Liza Sabol
Investor Relations
+1-216-706-2945
ir@transdigm.com