B/E Aerospace (Nasdaq: BEAV), the world’s leading manufacturer of
aircraft cabin interior products and the world’s leading provider of
aerospace fasteners, consumables and logistics services, announced the
appointment of James F. Albaugh to its Board of Directors effective as
of November 14th, 2014.
Mr. Albaugh has been a Senior Advisor to The Blackstone Group since
December 2012. Prior to that, he was president and chief executive
officer of Boeing's Commercial Airplanes business unit and a member of
Boeing’s Executive Council from September 2009 through June 2012. Mr.
Albaugh was president and chief executive officer of Boeing’s Integrated
Defense Systems business unit from July 2002 to September 2009. Prior to
that time, Mr. Albaugh, who joined Boeing in 1975, held various
executive positions, including president and chief executive of Space
and Communications and president of Space Transportation. He is an
honorary fellow of the American Institute of Aeronautics and
Astronautics, and an elected member of the National Academy of
Engineering. He is the President of the American Institute of
Aeronautics and Astronautics, serves as a director to the American
Airlines Group Inc., TRW Automotive Holdings Corp. and serves on other
nonprofit organization boards and in other professional organizations.
Mr. Albaugh holds bachelor's degrees in mathematics and physics from
Willamette University and a master's degree in civil engineering from
Columbia University.
Amin J. Khoury, Chairman and Chief Executive Officer of B/E Aerospace,
commented, “I am very pleased to welcome Jim as a member of our Board of
Directors. Jim’s distinguished career in aerospace has been truly
outstanding and his broad knowledge of the industry will contribute
significantly to our business.”
Forward-Looking Statements
This release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E
of the Securities Exchange Act of 1934, as amended. Such forward-looking
statements involve risks and uncertainties. The Company’s actual
experience and results may differ materially from the experience and
results anticipated in such statements. Factors that might cause such a
difference include those discussed in the Company’s filings with the
Securities and Exchange Commission (SEC), which include its Proxy
Statement, Annual Report on Form 10-K, Quarterly Reports on Form 10-Q
and Current Reports on Form 8-K. For more information, see the section
entitled “Forward-Looking Statements” contained in the Company’s Annual
Report on Form 10-K and in other filings. The forward-looking statements
included in this release are made only as of the date of this release
and, except as required by federal securities laws and rules and
regulations of the SEC, the Company undertakes no obligation to publicly
update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.
About B/E Aerospace, Inc.
B/E Aerospace is the world’s leading manufacturer of aircraft cabin
interior products and the world’s leading provider of aerospace
fasteners, consumables and logistics services. B/E Aerospace designs,
develops and manufactures a broad range of products for both commercial
aircraft and business jets. B/E Aerospace manufactured products include
aircraft cabin seating, lighting systems, oxygen systems, food and
beverage preparation and storage equipment, galley systems, and modular
lavatory systems. The Company also provides cabin interior
reconfiguration, program management and certification services. The
Company provides aerospace fasteners, consumables and logistics services
as well as oilfield services and associated rental equipment. B/E
Aerospace sells and supports its products through its own global direct
sales and product support organization. For more information, visit the
B/E Aerospace website at www.beaerospace.com.
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