Triumph Group, Inc. (NYSE: TGI) today announced that it has expanded the size of its Board of Directors to eleven from nine and appointed John G. Drosdick and William L. Mansfield to its Board of Directors, effective immediately.
Mr. Drosdick served as the Chairman, President and Chief Executive Officer of Sunoco, Inc. from June 2000 through August 2008, and as Chairman of Sunoco Partners, LLC, a subsidiary of Sunoco, Inc. and the general partner of Sunoco Logistics Partners, L.P., from February 2002 through October 2008. Mr. Drosdick currently serves as a director of United States Steel Corporation, H.J. Heinz Company and PNC Funds.
Mr. Mansfield served as the Chairman of the Board of The Valspar Corporation from August 2007 through June 2012 and was that company’s Chief Executive Officer from February 2005 to June 2011 and its President from February 2005 through February 2008. Mr. Mansfield currently serves as a director of Bemis Company, Inc. and Georgia Gulf Corporation.
Jeffry D. Frisby, Triumph’s President and Chief Executive Officer, said, “We are pleased to have John Drosdick and Bill Mansfield join our Board at this time. Their track record of leadership and experience will be valuable as we strive to achieve our strategic goals. We look forward to benefiting from the expertise and perspective that they will bring to the Board.”Triumph Group, Inc., headquartered in Berwyn, Pennsylvania, designs, engineers, manufactures, repairs and overhauls a broad portfolio of aerostructures, aircraft components, accessories, subassemblies and systems. The company serves a broad, worldwide spectrum of the aviation industry, including original equipment manufacturers of commercial, regional, business and military aircraft and aircraft components, as well as commercial and regional airlines and air cargo carriers. More information about Triumph Group can be found on the company’s website at http://www.triumphgroup.com. Statements in this release which are not historical facts are forward-looking statements under the provisions of the Private Securities Litigation Reform Act of 1995. All forward-looking statements involve risks and uncertainties which could affect the company’s actual results and could cause its actual results to differ materially from those expressed in any forward looking statements made by, or on behalf of, the company. Further information regarding the important factors that could cause actual results to differ from projected results can be found in Triumph Group’s reports filed with the SEC, including our Annual Report on Form 10-K for the fiscal year ended March 31, 2012.