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.”

FMI: www.beaerospace.com