GEDERA, Israel, December 29, 2017 /PRNewswire/ --
TAT Technologies Ltd. (NASDAQ: TATT)
("TAT" or the "Company"), a leading provider of products and
services to the commercial and military aerospace and ground
defense industries, announced today senior management appointments.
Mr. Jeff Lambert was appointed President of Piedmont
Aviation, replacing Mr. Richard
Reed, who served as President of Piedmont since March 2016. Mr. Michael
Chen was appointed President of Turbochrome, replacing Mr.
Motty Katz, who served as President of Turbochrome since
October 2015, after having served in
various positions at Turbochrome (formerly - Chromalloy Israel)
since 1979. Mr. Katz will continue to work and support
Turbochrome's management. Both appointments are effective
January 1, 2018.
Mr. Igal Zamir, CEO and President
of TAT Technologies stated, "I am pleased to welcome Jeff and
Michael to our team. Jeff and Michael bring to TAT Technologies a
proven track record in successfully growing organizations they have
led. Their skills and experience will be instrumental to their
respective subsidiary and to the TAT group as we continue to
execute our long-term strategy and maintain our growth
trajectory."
"I would like to thank Rick and Motty for their dedication and
contribution to TAT Technologies. Under Rick's leadership, Piedmont
has made significant advances, well positioning itself for future
growth. I wish Rick all the best in his future endeavors. Motty has
been part of Turbochrome for three decades and has fulfilled a
crucial role in the development of its leading technology. Most
recently, as President of Turbochrome, Motty has guided the
successful integration of Turbochrome into TAT Technologies, making
it a key component in TAT's long-term growth strategy. I am pleased
that Turbochrome will continue to benefit from Motty's deep
knowledge and vast experience."
Jeff Lambert brings to TAT
Technologies extensive experience in OEM & MRO operations
within the aerospace industry. Most recently, Jeff served as Vice
President and General Manager at Rockwell Collins - Interiors
Systems, overseeing the company's manufacturing in Mexico. Prior to that, he served as Business
Unit Director at B/E Aerospace, responsible for one of their
operations in the Philippines.
Prior to B/E Aerospace, Jeff held various management and
engineering positions at UTC Aerospace Systems, a subsidiary of
United Technologies and Goodrich Corporation. Jeff holds a B.S. in
Industrial Engineering from Colorado State
University-Pueblo.
Michael Chen has more than 20
years of experience in the defense industry, managing large
multidisciplinary global cross-functional teams of R&D,
engineering, operations, marketing and business development. Before
joining TAT Technologies, Michael was CEO of Seraphim Optronics
Ltd., a provider of sophisticated electro-optic solutions for
persistent surveillance. Prior to that, he held various positions
at Electro Optics ELOP Industries, a subsidiary of ELBIT Systems
and Atlantium Ltd. Michael holds a B.Sc. in Mechanical Engineering
from Tel Aviv University and an MBA
from Heriot-Watt University in
Edinburgh.
About TAT Technologies LTD
TAT Technologies is a global OEM and aftermarket solutions
company, employing more than 600 employees globally. TAT
Technologies supports commercial aviation and government customers
through two operating segments: Thermal Management Solutions and
Power & Actuation. TAT's Thermal Management Solutions include
OEM and aftermarket of thermal management components and systems.
TAT's Power & Actuation include aftermarket support (MRO) of
APU, Landing Gear and Aero-engines components. TAT Technologies
controlling shareholders is FIMI Private Equity Fund. For
more information, you are welcome to visit our website:
http://www.tat-technologies.com
Safe Harbor for Forward-Looking Statements
This press release contains forward-looking statements which
include, without limitation, statements regarding possible or
assumed future operation results. These statements are hereby
identified as "forward-looking statements" for purposes of the safe
harbor provided by the Private Securities Litigation Reform Act of
1995. These forward-looking statements involve risks and
uncertainties that could cause our results to differ materially
from management's current expectations. Actual results and
performance can also be influenced by other risks that we face in
running our operations including, but are not limited to, general
business conditions in the airline industry, changes in demand for
our services and products, the timing and amount or cancellation of
orders, the price and continuity of supply of component parts used
in our operations, the change of control that will occur on the
sale by the receiver of the Company's shares held by our previously
controlling stockholders, and other risks detailed from time to
time in the Company's filings with the Securities Exchange
Commission, including, its annual report on form 20-F and its
periodic reports on form 6-K. These documents contain and identify
other important factors that could cause actual results to differ
materially from those contained in our projections or
forward-looking statements. Stockholders and other readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date on which they are made.
We undertake no obligation to update publicly or revise any
forward-looking statement.
Contact:
Ms. Inna Shpringer
MARCOM Manager
Tel: 972-8-862-8594
innas@tat-technologies.com
SOURCE TAT Technologies Ltd