TransDigm Announces Retirement of Kevin Stein as CEO and Current Co-COO Mike Lisman as Successor
Rhea-AI Summary
TransDigm Group (NYSE: TDG) announced that CEO Kevin Stein will retire effective September 30, 2025, after more than ten years in senior leadership positions. Mike Lisman, current Co-Chief Operating Officer, will succeed Stein as President and CEO. Stein will remain as an advisor through March 31, 2026, and continue serving on the Board of Directors.
Lisman, who has been with TransDigm since 2015, brings extensive experience including roles as CFO, Executive VP, and leader of M&A. His background includes private equity experience at Warburg Pincus and education from Notre Dame (B.S. in aerospace engineering) and Harvard Business School (MBA).
Positive
- Planned and structured leadership transition with extended advisory period ensures operational continuity
- New CEO Mike Lisman brings diverse experience across company operations, finance, and M&A
- Outgoing CEO Kevin Stein remains on Board of Directors, maintaining strategic continuity
Negative
- Loss of experienced CEO who has generated substantial shareholder value
- Potential shift in strategic direction or operational approach under new leadership
News Market Reaction
On the day this news was published, TDG declined 5.48%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Mr. Lisman has served as Co-Chief Operating Officer of TransDigm since May 2023. Prior to this role, he held a number of positions across the Company, including Chief Financial Officer and Executive Vice President, with direct operational oversight for a number of TransDigm's operating units. Additionally, Mr. Lisman previously held roles as the lead of the Company's Mergers and Acquisitions group and as a Business Unit Manager at Aero Fluid Products, one of TransDigm's operating units, that designs and manufactures highly-engineered valves and actuation products. Prior to joining the Company in 2015, Mr. Lisman worked in the private equity industry at the
"On behalf of our Board of Directors, I want to thank Kevin for his outstanding leadership and contributions to TransDigm over his entire career. During his tenure as our CEO, and prior to that as COO, Kevin has generated substantial shareholder value by driving operational excellence and continuing our track record of successful capital deployment and acquisitions," stated W. Nicholas Howley, the Chairman of the Board of Directors. "Mike's promotion to President and Chief Executive Officer is a planned transition that is the product of thoughtful succession planning. The Board and I believe Mike will do an excellent job continuing to execute our consistent value-driven strategy and generate substantial returns for our shareholders."
"It has been a privilege to serve at the helm of this exceptional company," stated Mr. Stein, "I am deeply grateful to all my colleagues for their support and for their unwavering dedication to serving our customers and executing our value-driven operating strategies with excellence. Mike's leadership and deep experience across our businesses in a range of operational and financial roles make him uniquely qualified to take on this position."
"I am honored to have the opportunity to succeed Kevin and lead TransDigm as its next President and Chief Executive Officer," stated Mr. Lisman, "We look forward to continuing to deliver value to our customers and shareholders in the years ahead."
About TransDigm Group
TransDigm Group, through its wholly-owned subsidiaries, is a leading global designer, producer and supplier of highly engineered aircraft components for use on nearly all commercial and military aircraft in service today. Major product offerings, substantially all of which are ultimately provided to end-users in the aerospace industry, include mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, batteries and chargers, engineered latching and locking devices, engineered rods, engineered connectors and elastomer sealing solutions, databus and power controls, cockpit security components and systems, specialized and advanced cockpit displays, engineered audio, radio and antenna systems, specialized lavatory components, seat belts and safety restraints, engineered and customized interior surfaces and related components, advanced sensor products, switches and relay panels, thermal protection and insulation, lighting and control technology, parachutes, high performance hoists, winches and lifting devices, cargo loading, handling and delivery systems and specialized flight, wind tunnel and jet engine testing services and equipment, electronic components used in the generation, amplification, transmission and reception of microwave signals, and complex testing and instrumentation solutions.
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SOURCE TransDigm Group Inc.
FAQ
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