TransDigm Group Incorporated (NYSE: TDG), a global designer, producer and supplier of highly engineered aircraft components, has announced that James Skulina, an Executive Vice President of the company, has been appointed Interim Chief Financial Officer, effective immediately, the company said.
Skulina replaces Terrance Paradie, who resigned for personal reasons. Paradie will remain an employee of the company until April 2, 2018 and will be available to assist Skulina during the transition as needed. Paradie´s departure is unrelated to the company´s financial condition, financial disclosure or strategic direction. The company will initiate a search process to identify a permanent Chief Financial Officer.
“Jim has been a key member of the TransDigm management team and closely involved in many of the significant developments at TDG for over 20 years. He has substantial experience as a financial and operating executive and we are pleased he has agreed to step in as our interim CFO,” said W. Nicholas Howley, TransDigm Group´s Chairman and CEO. “Our financial performance and outlook remain strong, and I am confident Jim will help guide us through a seamless transition as we search for a permanent successor.”
TransDigm Group, through its wholly owned subsidiaries, is a global designer, producer and supplier of highly engineered aircraft components for use on nearly all commercial and military aircraft in service today.