Werner Lieberherr Is Promoted To President And COO
B/E Aerospace started the week with
an announcement that Mr. Michael B. Baughan will resign as
President and Chief Operating Officer to actively pursue other
opportunities. Werner Lieberherr, Senior Vice President and General
Manager of the Commercial Aircraft Segment, will be promoted to the
position of President and Chief Operating Officer of BE Aerospace,
Inc., succeeding Mr. Baughan, effective as of December 31,
2010.
Amin J. Khoury, Chairman and Chief Executive Officer of BE
Aerospace, Inc., commented, “Mike Baughan joined the Company
early in the Company’s history. He steadily progressed
through the management ranks, serving as VP-Marketing of the
Seating Products Group, VP and General Manager of the Seating
Products Group, SVP and General Manager of the Commercial Aircraft
Segment, before he rose to his current position as President and
Chief Operating Officer. Throughout his career at the Company he
has been a strong and effective leader. While we respect his
decision to actively pursue opportunities outside the Company, we
will miss Mike’s leadership and drive to constantly improve
our operations.”
“I have been fortunate to spend much of my career at B/E
Aerospace, I am extremely proud of the mark I will be leaving on
this dynamic growing company,' Braghan said. "Amin and the other
members of the senior management team have been terrific to work
with and have acted as wonderful partners as we worked together to
grow the Company. While I will miss the relationships I have
developed over the years, both inside and outside the Company, I am
excited about the opportunities in front of me as I enter this next
phase of my career. I would like to thank the Company, its Board of
Directors and the employees for the opportunities afforded to me
over the past sixteen years, and wish them all the best for the
future.”
“We are fortunate to have an ongoing and highly effective
succession planning process at our company. Werner Lieberherr, who
will succeed Mike as President and COO, has been an extraordinarily
effective and successful leader who has clearly earned his
promotion to the Presidency of the Company," said Khoury. "Prior to
joining B/E Aerospace, Werner spent 15 years with ABB and Alstom
Power Inc., a $19 billion revenue public company, where he served
in various senior management positions in Europe, Asia and as
President North America. Werner joined B/E Aerospace in May 2006 as
Vice President and General Manager of the Commercial Aircraft
Segment.
"Under his leadership the Commercial Aircraft Segment has
substantially improved its operational effectiveness, competitive
position and standing with our customers," Khoury continued. "In
addition, he has successfully grown our market shares, improved
product quality, product support, customer satisfaction, and
delivered outstanding financial results. He is a highly effective
leader and is well respected internally and throughout the
industry. We have every expectation that Werner will continue to
enhance the profitability and growth of our business as we enter
the industry up-turn, which has now begun.”