TransDigm President And COO Raymond Laubenthal Retires - Quick Facts

(RTTNews) - TransDigm Group Inc. (TDG) announced the retirement of President and Chief Operating Officer Raymond Laubenthal. However, the company said that, to ensure a smooth transition, Laubenthal will stay on with the company for a transition period expected to be through December 31, 2014.

The company plans to appoint Laubenthal as an additional member of the Board of Directors of the Company following his retirement.

The firm stated that the operational responsibilities for the company's business groups previously held by Laubenthal will be divided between two executives. Robert Henderson will be the Chief Operating Officer - Airframe Group and Kevin Stein will be the Chief Operating Officer - Power Group.

Robert Henderson, the new COO of the Company's Airframe business group, has been a key member of the TransDigm management team for the last 20 years. He has been an Executive Vice President for the last nine years and responsible for a broad range of the Company's businesses. He has overseen the integration of numerous acquisitions over that period. Prior to that, Henderson was President of AdelWiggins Group and President of Marathon Power Systems, both stand-alone business units of TransDigm.

Kevin Stein, the new COO of the Company's Power business group, joins TransDigm after five years as an Executive Vice President of Precision Castparts Corporation (PCP).

Most recently, Stein was Executive Vice President of PCP and President of the $1.5 billion revenue multi-unit Aerospace Structural Casting and Ring Forging business segment. Prior to that he was President of the $1.5 billion revenue multi-unit PCP Aerospace Fastener business. Stein's prior experiences included President of the Cooper Industries Bussman circuit protection and power conditioning business, and General Manager of the Tyco Electronics Raychem circuit protection business.