WAYNE, Pa.--(BUSINESS WIRE)--Nov. 30, 2006--Triumph Group, Inc.
(NYSE:TGI) today announced that John R. Bartholdson, Senior Vice
President and Chief Financial Officer, has announced his intention to
retire at the completion of the current fiscal year, which ends March
31, 2007. Mr. Bartholdson has served as Chief Financial Officer of
Triumph since its inception in 1993. The company has begun a search
for Mr. Bartholdson's successor and intends to complete the search
before the end of the current fiscal year to allow for a smooth
"John Bartholdson's contributions to the success of the Triumph
cannot be overstated," said Richard C. Ill, Triumph's President and
CEO. "He has led the development and execution of our financial
strategy for more than a dozen, often challenging, years and has been
instrumental in enabling the company to grow from revenues of
approximately $100 million to expected revenues of about $950 million
in fiscal year 2007. While it is never easy to part company with so
valued a colleague, we are confident that the strong financial team
John has built will attract a suitable successor and look forward in
the meantime to continuing to enjoy the benefit of his skillful
"My years at Triumph have been extraordinarily rewarding both
personally and professionally," said Mr. Bartholdson. "I feel
extremely fortunate to have had the chance to help build Triumph into
the successful company it is today. I want to thank Rick Ill and the
Board both for the opportunities I've enjoyed as well as their
leadership over the years and I am confident that Triumph will
continue to succeed."
Triumph Group, Inc., headquartered in Wayne, Pennsylvania,
designs, engineers, manufactures, repairs and overhauls aircraft
components and accessories. 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 Internet at
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, including statements of
expected revenues. 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's reports filed with the SEC, including our Annual
Report on Form 10-K for the year ended March 31, 2006.
CONTACT: Triumph Group, Inc.
John Bartholdson, 610-251-1000
SOURCE: Triumph Group, Inc.