TransDigm Group Incorporated Appoints John Staer as Director
January 25, 2012 at 04:55 pm
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The board of directors of TransDigm Group Incorporated fixed the number of directors at eight and elected John Staer to the board of directors to fill the newly created vacancy. Mr. Staer will be a Class I director with a term expiring in 2014. Mr. Staer is Chief Executive Officer of Satair A/S and has served as such since 1994. Prior to 1994, Mr. Staer was controller, chief financial officer and a senior operating officer, of Ambu A/S. During that time, Mr. Staer was responsible for taking the company public and expanding the business around the world. Prior to that Mr. Staer was employed by KPMG in Copenhagen for ten years, primarily serving large public clients, and graduated with a masters in finance from the Copenhagen School of Business.
TransDigm Group Inc. specializes in the design, manufacturing and marketing of aerospace systems and components. Net sales break down by family of products as follows:
- engine components and control systems (50.3%): mechanical and electromechanical actuators and control systems, pumps and engine control systems, power regulators, ignition systems, thermal management systems, fluid management systems, batteries and power supply systems, motion sensors, data recording, analysis and processing systems, etc. The group also offers winches, lifting systems and cargo handling systems;
- cabin systems and equipment (47%): cockpit safety components and systems, locking systems and devices, connectors, audio control systems, specialized sanitary equipment, seat belts and safety devices, interior fittings (seats, display systems, on-board entertainment systems, etc.) lighting systems, parachutes, freight delivery systems, etc. ;
- other (2.7%): non-aeronautical systems and equipment.
At the end of September 2023, the group operated approximately 100 production sites worldwide.
The United States accounts for 64.8% of net sales.