BE Aerospace names new CEO and new president/COO; announces additional management changes.WELLINGTON, Fla.--(BUSINESS WIRE)--March 27, 1996--BE Aerospace Inc. (Nasdaq-NMS:BEAV BEAV Binary Editor and Viewer ) today announced, effective April 1, 1996, the appointment of a new chief executive officer and, in a related move, named a key addition to the company's senior management team as the company's new president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . BEA BEA - Basic programming Environment for interactive-graphical Applications, from Siemens-Nixdorf. also confirmed a series of other recent management additions and changes. Robert (Bob) J. Khoury, 53, has been named chief executive officer of BE Aerospace, Inc. and to the newly created position of vice chairman of the board of directors. In his new role as CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Bob, who was a co-founder of BEA in 1987 and who has served as president and COO since the company's inception, succeeds Amin J. Khoury, 57, the company's founder, who will remain chairman of the board. In a related move, Paul E. Fulchino, 49, has been appointed to the position of president and chief operating officer. Fulchino has also been elected to BEA's board of directors. Fulchino brings extensive business experience to his new position in a career spanning 28 years during which he has demonstrated expertise in a cross-section of major management disciplines, both as a consultant to senior management and as a corporate executive. Fulchino began his career with Raytheon Corporation in quality management in the Missile Systems Division. He subsequently became an advanced planning consultant with Lockwood Greene Engineers, an architecture and engineering consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a , and later joined A.T. Kearney, Inc., a leading management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects firm, where he focused on operational management issues. Since 1990, he served as president and vice chairman of Mercer Management Consulting, Inc., one of the world's largest international general management consulting firms List of Management Consulting Firms 1. McKinsey & Company 2. Marakon Associates 3. Boston Consulting Group (BCG) 4. A.T. Kearney 5. Booz Allen Hamilton (BAH) 6. Monitor Group 7. Bain & Company 8. Roland Berger . Fulchino attended the United States Military Academy United States Military Academy, at West Point, N.Y.; for training young men and women to be officers in the U.S. army; founded and opened in 1802. The original act provided that the Corps of Engineers stationed at West Point should constitute a military academy, but , has a bachelor's degree from Boston College Boston College, main campus at Chestnut Hill, Mass.; coeducational; Jesuit; est. and opened 1863. Actually a university, the school's Chestnut Hill campus comprises colleges of arts and sciences and business administration, the graduate school, and schools of nursing and an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration with a concentration in Finance and Operations Research operations research Application of scientific methods to management and administration of military, government, commercial, and industrial systems. It began during World War II in Britain when teams of scientists worked with the Royal Air Force to improve radar detection of from Columbia University. Fulchino's notable skills include a keen understanding of manufacturing operations, customer interface and management development capabilities. G. Bernard (Bud) Jewell, 54, has been promoted to the position of president of BEA's Seating Products Division (SPD (Serial Presence Detect) The method used by DIMM memory modules to communicate their capacity and features to the computer. Data such as manufacturer, size, speed, voltage and row and column addresses are stored in an EEPROM chip on the module. ). Prior to joining BEA in April 1992 as group vice president -- Marketing and New Product Development, Jewell was president of Burns Aerospace, a leading aircraft seating manufacturer which was acquired by BEA in January of this year. Duane H. Woodford, 57, formerly president and CEO of Burns Aerospace, has assumed responsibilities in the newly created position of group vice president of manufacturing operations for SPD. Prior to his employment at Burns, Duane also served BEA first as president of its Litchfield, Conn. seating unit and subsequently as president of the seating products division. Duane brings 35 years of operating experience and a strong manufacturing and operations background to his new assignment. William (Bill) Dudley, 58, has joined BEA as vice president and general manager of SPD's operations in the United Kingdom. Bill worked as vice president of operations for Fairchild-Burns from 1975 to 1985, and then as VP and general manager and subsequently president of PTC (PTC, Needham, MA, www.ptc.com) Long a world leader in mechanical computer-aided design, manufacturing and engineering software, PTC, through acquisitions and reorganization, has transformed itself into a leading provider of Internet-based B2B solutions for discrete manufacturers. Aerospace (before its acquisition by BEA) from 1985 to 1988. He most recently served as president of the Singapore subsidiary of Dowty Aerospace Aviation Services. In a fourth Seating Products move, Mark D. Krosney, 49, joins BEA as vice president of engineering for the division. In coming to BEA, Mark brings over 25 years of engineering and management experience at United Technologies, Johnson Controls and, most recently, general manager -- Fluid Sealing Business for the A.W. Chesterton Company. Krosney will report to the president of SPD. In his new role, Mark will oversee all research and development, product development and product engineering activities at the Division. In commenting on the recent moves, company chairman Amin J. Khoury stated, "These moves materially strengthen BEA. As the Company's president and COO since our founding, Bob Khoury has played a significant role in our substantial growth over that period. As CEO, he will continue to be instrumental in our continued prosperity. In Paul Filchino, we have added a senior executive whose background and business experience will be key components to the successful integration of our business activities throughout BEA. Having contributed as a consultant to many of our critical strategic discussions and acquisitions over the past few years, Paul is already very familiar with the Company. Our ability to streamline the manufacturing operations throughout the Company is a critical component of our future success. We are looking to both Bud and Duane to spearhead the completion of the integration of the companies within the Seating Products Division. Duane is slated to assume corporate responsibility for our worldwide manufacturing operations when the integration and reengineering of SPD has been completed. And, last but not least, both Bill Dudley, with his extensive experience in business process reengineering See reengineering. , and Mark Krosney, with his wealth of technical knowledge and experience, bring skills that will enable us to continue the reorganization and integration of our Company. We heartily welcome the newcomers to BEA and wish all of these individuals great success in their new roles." BE Aerospace, Inc. designs, manufactures, sells and services a broad line of commercial aircraft cabin interior products, including seating products, passenger entertainment and service systems, and galley structures and inserts. BE Aerospace is the world's leading supplier of cabin interior products and services, serving virtually all the world's airlines. CONTACT: Jay Jacobson Financial Relations, (NYC NYC abbr. New York City NYC New York City ) 212/889-6362 |
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