CLEVELAND, April 2, 2015 /PRNewswire/ -- TransDigm Group
Incorporated (the "Company") (NYSE:TDG) today announced that it has
hired Terrance Paradie as Executive
Vice President and Chief Financial Officer of TransDigm Group
Incorporated.
Mr. Paradie was most recently Executive Vice President and Chief
Financial Officer for Cliffs Natural Resources Inc. (NYSE:CLF).
Cliffs is an international mining company, headquartered in
Cleveland, Ohio with annual
revenues of approximately $5 billion.
Terry has been at Cliffs since 2007. His prior responsibilities at
Cliffs included Sr. Vice President/Corporate Controller and
operating responsibility for two domestic iron ore mines.
Prior to his tenure at Cliffs, Terry was a partner at KPMG LLP.
During his 15 years at KPMG, Terry had a broad range of client
responsibilities in audit, M&A, financial structuring and
operational assistance across a broad range of industries.
Terry is a 1991 graduate of the University
of Windsor with a degree in Accounting and Finance as well
as a Certified Public Accountant. He and his wife, Christine, and
their 14 year old daughter live in Ashtabula, Ohio, a suburb of
Cleveland. Terry will start with the Company around
April 15, 2015.
After 15 years with the Company, Greg
Rufus, our long term CFO, has announced his intention to
retire in the fourth quarter of calendar year 2016. To ensure
a smooth transition and transfer of TransDigm culture, Greg will
work closely with Terry as he comes up to speed. Greg will also
work with the Company's CEO to assist in managing TransDigm's
continued growth, developing the next generation of management, and
utilizing his skills and business judgement on various
projects.
W. Nicholas Howley, Chairman and
Chief Executive Officer, stated "Terry is a good fit with the
TransDigm team. He has a broad range of public accounting,
public reporting, internal control, financing, operations and
M&A experience that we believe is important for the CFO of a
lean decentralized business like TransDigm. He has worked his way
through complicated financial and operational re-structuring issues
at Cliffs Natural Resources. This has served to further his
financial and operational skills. We are fortunate to have
attracted a financial executive with the experience, skills and
cultural fit that Terry brings to the Company."
Mr. Howley added, "Greg has been a significant contributor and a
true partner in the success and growth of TransDigm over the last
15 years. He has been a major part of almost every key decision
over that time. I can't thank him enough for his hard work and
support as a key member of the senior executive team at TransDigm
for most of our history as well as his substantial contribution to
our value focused strategy, performance and culture."
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, seatbelts and safety restraints, engineered
interior surfaces, lighting and control technology and military
personnel parachutes and cargo delivery systems.
Contact: Liza Sabol
Investor Relations
(216) 706-2945
ir@transdigm.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/transdigm-announces-the-hiring-of-terrance-paradie-as-executive-vice-president-and-chief-financial-officer-and-appointment-of-greg-rufus-to-senior-executive-vice-president-300060424.html
SOURCE TransDigm Group Incorporated