LMI Aerospace, Inc. Announces Appointments to Board of Directors
23 July 2014 - 6:05AM
LMI Aerospace, Inc. (Nasdaq:LMIA), a leading provider of design
engineering services and supplier of structural assemblies, kits
and components to the aerospace and defense markets, today
announced that its board of directors appointed Gerald E. Daniels
and Gregory L. Summe to the board.
"We welcome Jerry and Greg to the LMI Board," said John Eulich,
Lead Director of LMI Aerospace. "Both bring extensive operating and
financial experience and their insights will be instrumental in
helping LMI grow. We are looking forward to working together with
them."
Daniels, 69, is a retired aerospace/defense industry executive.
He served as chief executive of the Boeing Military Aircraft and
Missile Systems Company and as chief executive and vice chairman of
Engineered Support Systems, Inc., both headquartered in St. Louis,
Missouri. A Navy veteran, Daniels served more than 12 years in the
U.S. Navy Nuclear Submarine Force prior to beginning his career in
the defense industry with McDonnell Douglas Corporation. He
currently serves on multiple civic/charitable boards primarily in
the St. Louis region.
Summe, 57, is the Founder and Managing Partner of Glen Capital
Partners LLC., an investment manager specializing in companies
undergoing significant operational, strategic or capital structure
change. Prior to founding Glen Capital Partners, he was Managing
Director and Vice Chairman of Global Buyout at the Carlyle Group
and before that Chief Executive Officer and Chairman of the Board
at PerkinElmer. He currently serves as Chairman of the Board of
Freescale Semiconductor, Inc. (FSL) and as a Director of Automatic
Data Processing Inc. (ADP) and the State Street Corporation
(STT).
"I'm delighted to have Jerry and Greg bring their expertise to
our board," said Daniel G. Korte, President and Chief Executive
Officer of LMI. "Both offer unparalleled expertise in aerospace and
global business complemented by extensive financial and leadership
experience."
The two new directors were appointed on July 21, 2014, to fill
existing vacancies on the board.
About LMI:
LMI Aerospace, Inc. ("LMI") is a leading supplier of structural
assemblies, kits and components and provider of design engineering
services to the aerospace and defense markets. Through its
Aerostructures segment, the company primarily fabricates machines,
finishes, integrates, assembles and kits machined and formed close
tolerance aluminum, specialty alloy and composite components and
higher level assemblies for use by the aerospace and defense
industries. It manufactures more than 40,000 products for
integration into a variety of aircraft platforms manufactured by
leading original equipment manufacturers and Tier 1 aerospace
suppliers. Through its Engineering Services segment, the company
provides a complete range of design, engineering and program
management services, supporting aircraft product lifecycles from
conceptual design, analysis and certification through production
support, fleet support and service life extensions via a complete
turnkey engineering solution.
CONTACT: Renee Skonier
Executive Legal Director
636.916.2457
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