CLEVELAND, Jan. 25, 2012 /PRNewswire/ -- TransDigm Group
Incorporated (NYSE: TDG), a leading global designer, producer and
supplier of highly engineered aircraft components, announced today
the appointment of John Staer to its
Board of Directors. Mr. Staer brings to the board an unusual
blend of international senior executive experience in the areas of
aerospace aftermarket, mergers and acquisitions and finance.
Mr. Staer is Chief Executive Officer of Satair A/S and has
served as such since 1994. Satair was formerly a public company
listed on the Copenhagen Stock Exchange and is now a wholly owned
subsidiary of Airbus SAS. Prior to its acquisition by Airbus
in October 2011, Satair was the
largest independent distributor in the world of engineered products
serving primarily the international airline aftermarket and to a
lesser degree the aerospace commercial transport OEM markets.
As chief executive officer of Satair, Mr. Staer took the company
public, completed numerous acquisitions in Europe, Asia
and the United States, and
significantly expanded Satair's business, including by opening
repair and distribution centers in Singapore and China and other areas of the Pacific Rim.
Prior to 1994, Mr. Staer was controller, chief financial officer
and a senior operating officer, of Ambu A/S, a publicly traded
Danish medical device manufacturer for nine years. During
that time, Mr. Staer was responsible for taking the company public
and expanding the business around the world. Prior to that
Mr. Staer was employed by KPMG in Copenhagen for ten years, primarily serving
large public clients, and graduated with a masters in finance from
the Copenhagen School of Business.
Mr. Staer is also a member of the board of directors Ambu A/S, a
manufacturer of medical devices, and DLH A/S a wholesaler of
timber. Both are public companies listed on the Copenhagen Stock
Exchange.
Nicholas Howley, Chairman and
Chief Executive Officer of TransDigm Group, stated, "We are pleased
that John has agreed to become a member of our Board. He is a
seasoned international financial and operating executive with broad
experience in the worldwide commercial aviation aftermarket.
John brings a unique experience to our board. We are fortunate to
attract an executive of his caliber."
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, 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,
engineered interior surfaces and lighting and control
technology.
Contact:
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Liza
Sabol
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Investor
Relations
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(216)
706-2945
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ir@transdigm.com
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SOURCE TransDigm Group Incorporated