MARK CHERRY ELECTED TO TRIUMPH BOARD OF DIRECTORS

Rhea-AI Summary

Triumph Group (NYSE:TGI) has announced the election of Mark C. Cherry to its Board of Directors as an independent director. Cherry, currently the CEO of Align Precision Group, brings extensive aerospace experience from his previous roles at Boeing, Aurora Flight Sciences, and Sikorsky Aircraft. His appointment is expected to benefit TRIUMPH's customers and shareholders, leveraging his in-depth understanding of customer platforms and broad aerospace product development expertise.

Daniel J. Crowley, TRIUMPH's President, CEO & Chairman, expressed confidence that Cherry's expertise will help accelerate the company's profitable growth. Neal Keating, Lead Independent Director, highlighted Cherry's attributes as contributing to the Board's goal of driving long-term growth and value for stakeholders.

Positive

• Addition of Mark Cherry as an independent director with extensive aerospace industry experience
• Cherry's expertise expected to accelerate TRIUMPH's profitable growth
• Enhanced Board composition aligning with company's growth and value creation strategy

Negative

• None.

RADNOR, Pa., Aug. 20, 2024 /PRNewswire/ -- Triumph Group, Inc. (TRIUMPH) [NYSE:TGI] today announced that Mark C. Cherry was elected to the Board of Directors as an independent director at its Annual Meeting of Stockholders on August 8, 2024.

Mr. Cherry currently serves as Chief Executive Officer of Align Precision Group, a manufacturer of precision-milled structural components for the Aerospace, Defense, and Semi-Conductor industries. Mr. Cherry previously worked at Boeing, serving as Vice President and General Manager of Vertical Lift from April 2021 to December 2022 and Vice President and General Manager of Phantom Works from November 2017 to April 2021. From September 2012 to November 2017, he was President and Chief Operating Officer at Aurora Flight Sciences. He previously held leadership roles at Sikorsky Aircraft, Teradyne, and the Boston Consulting Group. Mr. Cherry received a Bachelor of Science in Engineering Mechanics from the United States Air Force Academy, a Master of Science in Aeronautical and Systems Engineering from the Air Force Institute of Technology, and a Master of Business Administration from Stanford University.

"Mark will be an exceptional addition to an already strong TRIUMPH Board. His in-depth understanding of our customers' platforms and broad base of aerospace product development and manufacturing experience will benefit TRIUMPH, our customers, and our shareholders," said Daniel J. Crowley, the Company's President, Chief Executive Officer & Chairman. "I am confident that Mark's proven expertise will help TRIUMPH accelerate our profitable growth."

"As a Board, we seek to ensure that our directors have the right combination of skills and experience to strengthen our business and drive long-term growth and value for our stakeholders. Mark brings all the right attributes to contribute to our Board and sustain our success," said Neal Keating, the Company's Lead Independent Director.

TRIUMPH, headquartered in Radnor, Pennsylvania, designs, engineers, manufactures, repairs, and overhauls a broad portfolio of aerospace and defense systems and components. The company serves the global aviation industry, including original equipment manufacturers and the full spectrum of military and commercial aircraft operators.

More information about TRIUMPH can be found on the company's website at www.triumphgroup.com.

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SOURCE Triumph Group

FAQ

Who is Mark Cherry and why was he elected to Triumph Group's Board of Directors?

Mark Cherry is the current CEO of Align Precision Group and former Boeing executive. He was elected to Triumph Group's Board as an independent director due to his extensive aerospace experience and in-depth understanding of customer platforms, which is expected to benefit TRIUMPH's growth and stakeholder value.

How might Mark Cherry's appointment impact Triumph Group's (TGI) business strategy?

Mark Cherry's appointment is expected to accelerate TRIUMPH's profitable growth. His expertise in aerospace product development and manufacturing, along with his understanding of customer platforms, is anticipated to strengthen the company's business and drive long-term growth and value for stakeholders.

What is Triumph Group's (TGI) core business focus?

Triumph Group designs, engineers, manufactures, repairs, and overhauls a broad portfolio of aerospace and defense systems and components. The company serves the global aviation industry, including original equipment manufacturers and military and commercial aircraft operators.

When was Mark Cherry elected to Triumph Group's (TGI) Board of Directors?

Mark Cherry was elected to Triumph Group's Board of Directors as an independent director at the Annual Meeting of Stockholders on August 8, 2024.