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MARK CHERRY ELECTED TO TRIUMPH BOARD OF DIRECTORS

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Triumph Group (NYSE:TGI) has announced the election of Mark C. Cherry to its Board of Directors as an independent director. Cherry, currently the CEO of Align Precision Group, brings extensive aerospace experience from his previous roles at Boeing, Aurora Flight Sciences, and Sikorsky Aircraft. His appointment is expected to benefit TRIUMPH's customers and shareholders, leveraging his in-depth understanding of customer platforms and broad aerospace product development expertise.

Daniel J. Crowley, TRIUMPH's President, CEO & Chairman, expressed confidence that Cherry's expertise will help accelerate the company's profitable growth. Neal Keating, Lead Independent Director, highlighted Cherry's attributes as contributing to the Board's goal of driving long-term growth and value for stakeholders.

Triumph Group (NYSE:TGI) ha annunciato l'elezione di Mark C. Cherry nel suo Consiglio di Amministrazione come direttore indipendente. Cherry, attualmente CEO di Align Precision Group, porta con sé un'ampia esperienza nel settore aerospaziale grazie ai suoi precedenti ruoli in Boeing, Aurora Flight Sciences e Sikorsky Aircraft. Si prevede che la sua nomina sia vantaggiosa per i clienti e gli azionisti di TRIUMPH, sfruttando la sua profonda comprensione delle piattaforme dei clienti e la sua vasta esperienza nello sviluppo di prodotti aerospaziali.

Daniel J. Crowley, Presidente, CEO e Chairman di TRIUMPH, ha espresso fiducia nel fatto che l'expertise di Cherry contribuirà ad accelerare la crescita redditizia dell'azienda. Neal Keating, Direttore Indipendente Principale, ha sottolineato le qualità di Cherry come un contributo agli obiettivi del Consiglio di promuovere la crescita e il valore a lungo termine per gli stakeholder.

Triumph Group (NYSE:TGI) ha anunciado la elección de Mark C. Cherry en su Junta Directiva como director independiente. Cherry, actualmente CEO de Align Precision Group, aporta una amplia experiencia en el sector aeroespacial gracias a sus roles anteriores en Boeing, Aurora Flight Sciences y Sikorsky Aircraft. Se espera que su nombramiento beneficie a los clientes y accionistas de TRIUMPH, aprovechando su comprensión profunda de las plataformas de los clientes y su amplia experiencia en el desarrollo de productos aeroespaciales.

Daniel J. Crowley, Presidente, CEO y Chairman de TRIUMPH, expresó confianza en que la experiencia de Cherry ayudará a acelerar el crecimiento rentable de la empresa. Neal Keating, Director Independiente Principal, destacó las cualidades de Cherry como una contribución a los objetivos de la Junta para promover el crecimiento y el valor a largo plazo para los interesados.

트라이엄프 그룹 (NYSE:TGI)는 마크 C. 체리를 독립 이사로 이사회에 선임했다고 발표했습니다. 현재 Align Precision Group의 CEO인 체리는 보잉, 오로라 항공 과학, 시코르스키 항공에서의 이전 역할로부터 공군 경험이 풍부합니다. 그의 임명은 TRIUMPH의 고객과 주주에게 혜택을 줄 것으로 예상되며, 고객 플랫폼에 대한 깊은 이해와 폭넓은 항공 우주 제품 개발 전문성을 활용할 것입니다.

TRIUMPH의 사장, CEO 및 회장인 다니엘 J. 크로울리는 체리의 전문 지식이 회사의 수익성 있는 성장을 가속화하는 데 도움이 될 것이라고 확신했습니다. 수석 독립 이사인 닐 키팅은 체리의 특성이 이해관계자를 위한 장기 성장 및 가치 창출이라는 이사회의 목표에 기여한다고 강조했습니다.

Triumph Group (NYSE:TGI) a annoncé l'élection de Mark C. Cherry à son Conseil d'Administration en tant que directeur indépendant. Cherry, actuellement PDG de Align Precision Group, apporte une expérience aéronautique considérable grâce à ses précédents postes chez Boeing, Aurora Flight Sciences et Sikorsky Aircraft. Son arrivée devrait bénéficier aux clients et aux actionnaires de TRIUMPH, en s'appuyant sur sa compréhension approfondie des plateformes clients et sa large expertise en développement de produits aéronautiques.

Daniel J. Crowley, Président, PDG et Président de TRIUMPH, a exprimé sa confiance dans le fait que l'expertise de Cherry contribuera à accélérer la croissance rentable de l'entreprise. Neal Keating, Directeur Indépendant Principal, a souligné que les qualités de Cherry contribuent à l'objectif du Conseil de promouvoir la croissance à long terme et la valeur pour les parties prenantes.

Triumph Group (NYSE:TGI) hat die Wahl von Mark C. Cherry in seinen Vorstand als unabhängiger Direktor bekannt gegeben. Cherry, der derzeit CEO von Align Precision Group ist, bringt umfangreiche Erfahrungen im Luft- und Raumfahrtbereich aus seinen vorherigen Tätigkeiten bei Boeing, Aurora Flight Sciences und Sikorsky Aircraft mit. Seine Ernennung wird voraussichtlich den Kunden und Aktionären von TRIUMPH zugutekommen und sein umfassendes Verständnis für Kundenplattformen sowie seine breite Expertise in der Produktentwicklung im Luftfahrtbereich nutzen.

Daniel J. Crowley, Präsident, CEO und Chairman von TRIUMPH, äußerte sich zuversichtlich, dass Cherrys Expertise das profitable Wachstum des Unternehmens beschleunigen wird. Neal Keating, leitender unabhängiger Direktor, hob hervor, dass Cherrys Eigenschaften zur Erreichung des Ziels des Vorstands, langfristiges Wachstum und Wert für die Stakeholder zu schaffen, beitragen werden.

Positive
  • Addition of Mark Cherry as an independent director with extensive aerospace industry experience
  • Cherry's expertise expected to accelerate TRIUMPH's profitable growth
  • Enhanced Board composition aligning with company's growth and value creation strategy
Negative
  • None.

RADNOR, Pa., Aug. 20, 2024 /PRNewswire/ -- Triumph Group, Inc. (TRIUMPH) [NYSE:TGI] today announced that Mark C. Cherry was elected to the Board of Directors as an independent director at its Annual Meeting of Stockholders on August 8, 2024.

Mr. Cherry currently serves as Chief Executive Officer of Align Precision Group, a manufacturer of precision-milled structural components for the Aerospace, Defense, and Semi-Conductor industries. Mr. Cherry previously worked at Boeing, serving as Vice President and General Manager of Vertical Lift from April 2021 to December 2022 and Vice President and General Manager of Phantom Works from November 2017 to April 2021. From September 2012 to November 2017, he was President and Chief Operating Officer at Aurora Flight Sciences. He previously held leadership roles at Sikorsky Aircraft, Teradyne, and the Boston Consulting Group. Mr. Cherry received a Bachelor of Science in Engineering Mechanics from the United States Air Force Academy, a Master of Science in Aeronautical and Systems Engineering from the Air Force Institute of Technology, and a Master of Business Administration from Stanford University.

"Mark will be an exceptional addition to an already strong TRIUMPH Board. His in-depth understanding of our customers' platforms and broad base of aerospace product development and manufacturing experience will benefit TRIUMPH, our customers, and our shareholders," said Daniel J. Crowley, the Company's President, Chief Executive Officer & Chairman. "I am confident that Mark's proven expertise will help TRIUMPH accelerate our profitable growth."

"As a Board, we seek to ensure that our directors have the right combination of skills and experience to strengthen our business and drive long-term growth and value for our stakeholders. Mark brings all the right attributes to contribute to our Board and sustain our success," said Neal Keating, the Company's Lead Independent Director.

TRIUMPH, headquartered in Radnor, Pennsylvania, designs, engineers, manufactures, repairs, and overhauls a broad portfolio of aerospace and defense systems and components. The company serves the global aviation industry, including original equipment manufacturers and the full spectrum of military and commercial aircraft operators.

More information about TRIUMPH can be found on the company's website at www.triumphgroup.com.

Cision View original content:https://www.prnewswire.com/news-releases/mark-cherry-elected-to-triumph-board-of-directors-302226677.html

SOURCE Triumph Group

FAQ

Who is Mark Cherry and why was he elected to Triumph Group's Board of Directors?

Mark Cherry is the current CEO of Align Precision Group and former Boeing executive. He was elected to Triumph Group's Board as an independent director due to his extensive aerospace experience and in-depth understanding of customer platforms, which is expected to benefit TRIUMPH's growth and stakeholder value.

How might Mark Cherry's appointment impact Triumph Group's (TGI) business strategy?

Mark Cherry's appointment is expected to accelerate TRIUMPH's profitable growth. His expertise in aerospace product development and manufacturing, along with his understanding of customer platforms, is anticipated to strengthen the company's business and drive long-term growth and value for stakeholders.

What is Triumph Group's (TGI) core business focus?

Triumph Group designs, engineers, manufactures, repairs, and overhauls a broad portfolio of aerospace and defense systems and components. The company serves the global aviation industry, including original equipment manufacturers and military and commercial aircraft operators.

When was Mark Cherry elected to Triumph Group's (TGI) Board of Directors?

Mark Cherry was elected to Triumph Group's Board of Directors as an independent director at the Annual Meeting of Stockholders on August 8, 2024.

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