Summary
TransDigm Group Incorporated (TDG) filed an 8-K on May 30, 2012, primarily to announce the passing of Albert J. Rodriguez, Executive Vice President of Business Development and Mergers & Acquisitions, on May 25, 2012. Mr. Rodriguez was a long-standing employee, having been with the company since its founding in 1993 and instrumental in its acquisition and integration activities. This news represents a significant loss to the company's leadership team, particularly given his extensive involvement in its growth strategy. In response to this vacancy, TransDigm has appointed Bernt G. Iversen, II, as the new Executive Vice President of Business Development and Mergers & Acquisitions, effective immediately. Mr. Iversen also has a long tenure with TransDigm, joining in 1993, and possesses substantial aerospace experience, including recent leadership of a group of business units. His familiarity with the company's operations and acquisition history makes him a logical successor for this critical role.
Key Highlights
- 1Announcement of the passing of Albert J. Rodriguez, EVP of Business Development & M&A, on May 25, 2012.
- 2Mr. Rodriguez was a founding employee (since 1993) and key figure in TransDigm's acquisition and integration efforts.
- 3Appointment of Bernt G. Iversen, II, as the new EVP of Business Development & M&A.
- 4Mr. Iversen is a long-term employee (since 1993) with extensive aerospace and acquisition experience.
- 5This filing is a Regulation FD disclosure, including press releases detailing the executive changes.
- 6The company is based in Cleveland, Ohio, and incorporated in Delaware.