TransDigm Group Incorporated Announces Resignation of Mervin Dunn and John Staer from Board of Directors
October 27, 2023 at 04:11 pm EDT
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On October 26, 2023, Mervin Dunn and John Staer, each a member of the Board of Directors (the ?Board?) of TransDigm Group Incorporated (the ?Company?), gave notice of their resignation from the Board and as a member of the Board committees on which they serve, effective immediately. Neither Mr. Dunn nor Mr. Staer is resigning from the Board because of any disagreement with the Company on any matter relating to the Company?s operations, policies, or practices. Mr. Dunn joined the Board in 2009.
Prior to his resignation, he served as a member of the Board?s Compensation Committee and Nominating & Corporate Governance Committee. Mr. Staer joined the Board in 2012. Prior to his resignation, he served as a member of the Board?s Audit Committee and Nominating & Corporate Governance Committee.
The Company thanks both Mr. Dunn and Mr. Staer for their service and commitment to the Company.
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.
TRANSDIGM GROUP INC. 
