STOCK TITAN

TransDigm Group Incorporated Announces New Board Member

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary

TransDigm Group appointed Jane M. Cronin to its Board of Directors on July 1, 2021. Cronin, currently Senior Vice President – Corporate Controller of Sherwin Williams, brings extensive experience in public company accounting and integration with acquisitions. Her addition is anticipated to enhance TransDigm's financial oversight and strategic growth. The Board confirmed her independence under NYSE and SEC standards, reflecting a commitment to strong governance. TransDigm is recognized for providing engineered aircraft components to the aerospace industry.

Positive
  • Jane M. Cronin brings extensive experience in public company accounting, enhancing financial oversight.
  • Her background in integration with acquisitions may strengthen strategic growth opportunities.
Negative
  • None.

CLEVELAND, July 1, 2021 /PRNewswire/ -- TransDigm Group Incorporated (NYSE: TDG), a leading global designer, producer and supplier of highly engineered aircraft components, announced today the appointment of Jane M. Cronin to its Board of Directors.

Ms. Cronin is Senior Vice President – Corporate Controller of Sherwin Williams Company (NYSE: SHW), a world-leading manufacturer, developer, distributor and seller of paint, coatings, and related products to professional, industrial, aerospace, commercial, and retail customers. Ms. Cronin has served in her current role since 2016. Prior to that, Ms. Cronin was Vice President of Internal Audit and Loss Prevention and Vice President – Controller of one of Sherwin Williams' largest divisions.

"We are pleased that Jane has agreed to become a member of our Board," stated W. Nicholas Howley, TransDigm Group's Executive Chairman. "Jane brings extensive experience in public company accounting, reporting, and controls. Additionally, Jane's integration experience with large and small acquisitions will also make her a valuable contributor. Sherwin Williams has a strong culture of hands-on value creation, which fits well with TransDigm's focus."

The Board of Directors has determined that Ms. Cronin is independent under applicable listing standards of the New York Stock Exchange and the rules and regulations of the Securities Exchange Commission.

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, batteries and chargers, engineered latching and locking devices, engineered rods, engineered connectors and elastomer sealing solutions, databus and power controls, cockpit security components and systems, specialized and advanced cockpit displays, engineered audio, radio and antenna systems, specialized lavatory components, seat belts and safety restraints, engineered and customized interior surfaces and related components, advanced sensor products, switches and relay panels, thermal protection and insulation, lighting and control technology, parachutes, high performance hoists, winches and lifting devices, and cargo loading, handling and delivery systems.

Contact: 
Investor Relations 
(216) 706-2945 
ir@transdigm.com 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/transdigm-group-incorporated-announces-new-board-member-301324245.html

SOURCE TransDigm Group Inc.

FAQ

Who is Jane M. Cronin and what role has she been appointed to at TransDigm Group?

Jane M. Cronin has been appointed to the Board of Directors of TransDigm Group as of July 1, 2021.

What experience does Jane M. Cronin bring to TransDigm Group?

She has extensive experience in public company accounting and integration with acquisitions from her role at Sherwin Williams.

Is Jane M. Cronin considered independent on TransDigm's Board?

Yes, she has been determined to be independent under the applicable listing standards.

TransDigm Group Incorporated

NYSE:TDG

TDG Rankings

TDG Latest News

TDG Stock Data

70.86B
54.86M
0.4%
94.98%
1.55%
Aerospace & Defense
Aircraft Parts & Auxiliary Equipment, Nec
Link
United States of America
CLEVELAND