DeCrane Aircraft Holdings Appoints New Chief Financial Officer.EL SEGUNDO El Segundo (ĕl sēgŭn`dō), industrial city (1990 pop. 15,223), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1917. Its products include navigation and computer systems, aircraft parts, office machines, telephone apparatus, and , Calif.--(BUSINESS WIRE)--March 17, 1999--DeCrane Aircraft Holdings Inc., a leading manufacturer of avionics components and an avionics systems integrator for the commercial and high-end corporate aircraft industry, Wednesday announced the appointment of Richard J. Kaplan as Senior Vice President and Chief Financial Officer, replacing John R. Hinson who has accepted a senior position with another company. Formerly a Partner with Price Waterhouse LLP LLP - Lower Layer Protocol , Kaplan, a CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. , holds a B.S.B.A. Degree from Northwestern University Northwestern University, mainly at Evanston, Ill.; coeducational; chartered 1851, opened 1855 by Methodists. In 1873 it absorbed Evanston College for Ladies. . During his tenure with Price Waterhouse, Kaplan had client responsibility for large publicly held corporations, as well as numerous middle-market organizations. More recently he served as head of Price Waterhouse's Northeast Ohio Middle Market Practice Group, as well as the Mergers and Acquisitions Group for the same territory. Kaplan has advised a variety of middle market companies on numerous acquisitions, mergers, leveraged buyouts, recapitalizations and initial public offerings. DeCrane Aircraft Holdings, which was acquired in August of 1998 by a subsidiary of DLJ Merchant Banking Partners DLJ Merchant Banking Partners (DLJMB) is a LBO-focused private equity firm of Credit Suisse. DLJMB has offices in New York, London and Los Angeles. External links
The Company's products and services typically are utilized to provide an interface between an aircraft and its avionic systems. DLJ Merchant Banking Partners II, L.P., a $3 billion fund dedicated to private equity and equity-related investments, seeks significant capital appreciation through domestic and international investments in common or preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. and debt or other securities in leveraged acquisitions and corporate joint ventures. Since its formation in November 1996, DLJ Merchant Banking Partners II L.P. has consummated (or contracted to consummate) 26 transactions valued at approximately $12 billion, the largest of which include Ameriserve, Duane Reade Duane Reade is a chain of drugstores/convenience stores, primarily located in New York City. History Founded in 1960, the chain started with three stores, named after the location of the company's warehouse between Duane and Reade Streets on Broadway in lower Manhattan. , Insilco, Thermadyne and Von Hoffman Press. For more information about DeCrane Aircraft Holdings via facsimile simply call 1-800-PRO-INFO and dial client code "DAHX". |
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