LONGUEUIL, QC, May 28, 2014 /CNW Telbec/ - Héroux-Devtek Inc. (TSX: HRX) ("Héroux-Devtek" or the "Corporation"), a leading Canadian manufacturer of aerospace products, announced today the appointment of Mr. Andrew John Stevens as Director of the Corporation. This appointment, which fills a vacant seat, is effective immediately. Mr. Stevens is a resident of the United Kingdom.
Mr. Stevens brings extensive experience in corporate management in the global aerospace industry, including many years as senior executive of companies involved in landing gear design and manufacturing. He spent nine years at Cobham plc, where he was successively Chief Operating Officer and Chief Executive Officer between 2005 and 2012. During those nine years, Mr. Stevens was also a member of Cobham plc's Board of Directors. Prior to that, he held senior executive positions with Rolls Royce plc, Messier Dowty International, Bowthorpe plc and Dowty Group plc.
A fellow of the Royal Aeronautical Society and of the Institution of Electrical Engineers, Mr. Stevens holds a first class BSc Production Engineering degree and was also awarded an Honorary Degree of Doctor of Science in 2013. He is currently Chairman of AIM Aviation Ltd., as well as a member of the Board of Directors of De La Rue plc and CAE Inc.
"On behalf of all Board members, I congratulate Mr. Stevens for his appointment and extend to him a most cordial welcome. Given Héroux-Devtek's increasingly global presence, we are looking forward to benefit from his extensive worldwide aerospace industry experience, business acumen and corporate strategic skills," said Réal Raymond, Chairman of the Board of Directors of Héroux-Devtek.
Héroux-Devtek Inc. (TSX: HRX) is a Canadian company specializing in the design, development, manufacture and repair and overhaul of landing gear and actuation systems and components for the Aerospace market. The Corporation is the third largest landing gear company worldwide, supplying both the commercial and military sectors of the Aerospace market with new landing gear systems and components, as well as aftermarket products and services. The Corporation also manufactures electronic enclosures, heat exchangers and cabinets for suppliers of airborne radar, electro-optic systems and aircraft controls through its Magtron operations. On a pro forma basis, approximately 75% of the Corporation's sales are outside Canada, including 50% in the United States. The Corporation's head office is located in Longueuil, Québec with facilities in the Greater Montreal area (Longueuil, Laval and St-Hubert); Kitchener and Toronto, Ontario; Springfield and Cleveland, Ohio; Wichita, Kansas; and Runcorn, Nottingham and Bolton, United Kingdom.
Except for historical information provided herein, this press release may contain information and statements of a forward-looking nature concerning the future performance of the Corporation. These statements are based on suppositions and uncertainties as well as on management's best possible evaluation of future events. Such factors may include, without excluding other considerations, fluctuations in quarterly results, evolution in customer demand for the Corporation's products and services, the impact of price pressures exerted by competitors, and general market trends or economic changes. As a result, readers are advised that actual results may differ from expected results.
SOURCE: Héroux-Devtek Inc.
For further information:
President and Chief Executive Officer
Tel.: (450) 679-3330
Martin Goulet, CFA
Tel.: (514) 731-0000