BERWYN, Pa.--(BUSINESS WIRE)--Jul. 19, 2012--
Triumph Group, Inc. (NYSE: TGI) today announced that Jeffry D.
Frisby has been named Chief Executive Officer of Triumph by the
company’s Board of Directors, succeeding Richard C. Ill. Mr. Ill will
remain as Chairman.
Speaking on behalf of the company’s Board of Directors, Richard C.
Gozon, lead director, said, “Jeff Frisby has an outstanding record of
performance and his leadership and management skills make him eminently
qualified to take on the additional responsibilities of Chief Executive
Officer. Jeff has played a key role in Triumph’s overall acquisition
activity along with driving significant improvements in supply chain
integration and overall asset management. Jeff is well respected by our
employees and customers and will provide a seamless transition in that
Mr. Frisby joined the company in 1998 as President of Frisby Aerospace,
Inc. upon its acquisition by Triumph. In 2000, he became Group President
of the Triumph Control Systems Group and was later named Group President
of the Triumph Aerospace Systems Group upon its formation in April,
2003. In 2009, Mr. Frisby was appointed President and Chief Operating
Officer of Triumph. Effective today his title is President and Chief
Executive Officer. He is a graduate of the Wayne Calloway School of
Business and Accountancy at Wake Forest University where he earned a
Bachelor of Science degree in Business.
Mr. Frisby stated, “I am honored by the faith and trust that the Board
is placing in me to lead this very special company. I believe that our
Triumph team is uniquely positioned to take advantage of the challenges
and opportunities of the aerospace industry and I look forward to
working with our team to further refine and execute strategies that will
sustain and grow our business.”
Triumph Group, Inc., headquartered in Berwyn, Pennsylvania, designs,
engineers, manufactures, repairs and overhauls a broad portfolio of
aerostructures, aircraft components, accessories, subassemblies and
systems. The company serves a broad, worldwide spectrum of the aviation
industry, including original equipment manufacturers of commercial,
regional, business and military aircraft and aircraft components, as
well as commercial and regional airlines and air cargo carriers.
More information about Triumph can be found on the company’s website at http://www.triumphgroup.com.
Statements in this release which are not historical facts are
forward-looking statements under the provisions of the Private
Securities Litigation Reform Act of 1995. All forward-looking statements
involve risks and uncertainties which could affect the company’s actual
results and could cause its actual results to differ materially from
those expressed in any forward looking statements made by, or on behalf
of, the company. Further information regarding the important factors
that could cause actual results to differ from projected results can be
found in Triumph Group’s reports filed with the SEC, including our
Annual Report on Form 10-K for the fiscal year ended March 31, 2012.
Source: Triumph Group, Inc.
Triumph Group, Inc.
Sheila G. Spagnolo