HEICO Mourns Passing of Director Wolfgang Mayrhuber
December 03 2018 - 11:57AM
Business Wire
HEICO Corporation (NYSE:HEI) (NYSE:HEI.A) today reported that
Wolfgang Mayrhuber, a member of the Company’s Board of Directors,
passed away on December 1, 2018, at the age of 71, after a long
illness.
Wolfgang Mayrhuber served on HEICO’s Board since March 2001 and
as an Advisor to the Board of Directors since 1997, where he served
on the Executive Committee and the Environmental, Safety, and
Health Committees.
Laurans A. Mendelson, HEICO’s Chairman and Chief Executive
Officer, along with Eric A. Mendelson and Victor H. Mendelson,
HEICO’s Co-Presidents, commented, “Wolfgang was a great friend to
us, HEICO and so many others. With his trademark combination of
humility, open-mindedness, hard work, determination, compassion,
and humor, he possessed legendary insight into business, aviation
technology, world affairs, culture, and people. We counted on his
wise counsel over the course of several decades and will deeply
miss his advice and participation at HEICO. As a matter of fact,
after first meeting and speaking with Wolfgang, many people,
including the three of us, commented that he was among the most
unique and impressive people they ever had the pleasure to meet. We
can pay no higher tribute to such a great human being, role model,
and friend.”
Wolfgang Mayrhuber served as Chairman of the Supervisory
Board of Deutsche Lufthansa AG ("Lufthansa") from May 2013 to
September 2017 and previously served as Lufthansa’s Chairman of the
Executive Board and Chief Executive Officer from June 2003 until
December 2010. He joined Lufthansa in 1970 in the Engineering
Department, and was successively promoted to many positions,
including leading Lufthansa’s restructuring efforts in the early
1990s, Chairman of the Executive Board and Chief Executive Officer
of Lufthansa Technik AG, and President of Passenger Airlines of
Lufthansa. He also served as Chairman of the Supervisory Board of
Infineon Technologies, a major global semiconductor manufacturer
from 2011 until 2018. Additionally, Mr. Mayrhuber was a former
member of the supervisory boards of Munich RE Group, UBS, and BMW
AG.
Laurans, Eric, and Victor Mendelson added, “Wolfgang was devoted
to his family, including the devoted and supportive love of his
life, Beate, his wife of over 43 years. Wolfgang was a wonderful
father to his three children and five grandchildren.
Following Mr. Mayrhuber’s passing, the Company’s Board consists
of 9 members, 6 of whom are considered “independent” or “outside”
directors under applicable New York Stock Exchange rules.
HEICO Corporation is engaged primarily in the design,
production, servicing and distribution of products and services to
certain niche segments of the aviation, defense, space and
electronics industries through its Hollywood, FL-based Flight
Support Group and its Miami, FL-based HEICO Electronic Technologies
Corp. Group. HEICO’s customers include a majority of the world’s
airlines and overhaul shops, as well as numerous defense and space
contractors and military agencies worldwide in addition to medical,
telecommunications and electronic equipment manufacturers. For more
information about HEICO, please visit our website at
http://www.heico.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20181203005740/en/
Eric A. Mendelson (954) 744-7555
HEICO (NYSE:HEI)
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