TransDigm Welcomes New Leadership with Mike Lisman as CEO Following Kevin Stein's Retirement

Leadership Transition at TransDigm

TransDigm Group Incorporated, a key player in the aerospace industry, has recently announced a significant change in its leadership. After over a decade of dedicated service within the company, Kevin Stein will retire from his position as President and CEO, effective September 30, 2025. In his place, Mike Lisman, who currently serves as Co-Chief Operating Officer, will assume the role of President and CEO. This leadership transition aims to ensure the company's continued success and strategic evolution.

Kevin Stein’s tenure at TransDigm has been notable for its emphasis on operational excellence and value creation for shareholders. Under his guidance, the company has seen substantial growth and has upheld its reputation for delivering high-quality engineered products. Stein has previously held roles that contributed significantly to shaping the company’s strategic direction, making his departure a key moment for TransDigm's future.

As an advisor, Stein will assist in the transition until March 31, 2026, while also continuing to serve as a member of the company's Board of Directors. This plan ensures that his extensive experience and understanding of the company's operations remain accessible during this critical time.

Mike Lisman, the incoming CEO, boasts a rich background in various capacities within TransDigm since joining the company in 2015. Before his role as Co-COO, Lisman was the Chief Financial Officer and has also lent his expertise in mergers and acquisitions, enhancing his understanding of the company's strategic and operational dynamics. His educational foundation, which includes a Bachelor's degree in aerospace engineering from the University of Notre Dame and an MBA from Harvard Business School, positions him well to lead TransDigm into its next chapter.

W. Nicholas Howley, the Chairman of the Board, expressed gratitude for Stein’s exceptional leadership. He believes that Lisman’s promotion is a targeted move that aligns with thorough succession planning. The Board is confident that Lisman will continue executing and enhancing the company's established value-driven strategy, aimed at achieving significant returns for shareholders.

Reflecting on his time, Stein remarked, "It has been a privilege to serve at the helm of this exceptional company. I am deeply grateful to all my colleagues for their unwavering dedication to serving our customers and executing our value-driven operating strategies with excellence."

On the other hand, Lisman expressed sincere honor for the opportunity to step into the CEO role. He emphasized his commitment to maintaining the principles that have guided TransDigm towards success and continued value delivery to both customers and shareholders.

TransDigm Group, which operates through its subsidiaries, stands out as a global leader in designing, producing, and supplying highly engineered aircraft components used in commercial and military aircraft. The company’s product portfolio consists of a wide array of offerings such as mechanical actuators, ignition systems, specialized valves, and safety restraints, showcasing their integral role in the aerospace industry.

As this transition unfolds, industry observers and stakeholders will be keenly watching how these changes will impact the company’s strategies, especially with Lisman now steering the ship during a pivotal time of growth and transformation in the aerospace sector.