Hello, Guest!
  • Friday, November 15, 2024

Kevin Stein Promoted to TransDigm CEO, Nicholas Howley Named Exec Chairman


Kevin Stein, president and chief operating officer at TransDigm Group (NYSE: TDG) since 2016, has been elected by the company’s board of directors to serve as president and CEO.

TransDigm said Monday Stein will also join the board and oversee operational and financial aspects of the Cleveland-based aircraft components maker in his new dual-role.

He joined the company in 2014 as chief operating officer of its power group businesses and  previously held positions at Precision Castparts Corp., Cooper Industries and Tyco Electronics.

W. Nicholas Howley, who has served as TransDigm CEO since 2001 and as chairman since 2003, will be executive chairman of the company.

He will primarily oversee matters related to corporate strategy, mergers and acquisitions, capital allocation, board leadership and investor interactions in his new position.

Both Stein and Howley have extended their employment contracts with the company through 2024.

Video of the Day

Related Articles

TransDigm Closes $725M Calspan Acquisition M&A Activity

TransDigm Closes $725M Calspan Acquisition

TransDigm Group (NYSE: TDG) has completed the acquisition of aerospace and defense systems testing company Calspan through an approximately $725 million transaction that includes certain tax benefits.  Calspan, which owns a transonic wind tunnel facility, is projected to generate $200 million in 2023 revenue, Transdigm said Monday. The Buffalo, New York-based test services provider has

TransDigm to Buy Tech Development & Test Company Calspan M&A Activity

TransDigm to Buy Tech Development & Test Company Calspan

Aircraft components maker TransDigm Group (NYSE: TDG) has agreed to acquire Calspan, a technology development and testing services provider headquartered in Buffalo, New York. Cleveland-headquartered TransDigm said it expects to use cash on hand to finance the acquisition and close the transaction during its 2023 fiscal year. Calspan has approximately 625 employees and is projected to

Searchlight to Buy TransDigm’s Technical Airborne Components M&A Activity

Searchlight to Buy TransDigm’s Technical Airborne Components

Searchlight Capital Partners, a private investment firm, has agreed to buy Technical Airborne Components from TransDigm Group (NYSE: TDG) for an undisclosed sum. Belgium-based TAC designs and produces rods and struts for helicopters, commercial planes, military aircraft and space programs and operates with about 170 employees, the companies said in a joint release published Tuesday.