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As anticipated, the Board of Directors of The Nordam Group elected Meredith Siegfried to succeed Bill Peacher as Chief Executive Officer of Nordam at its mid-year meeting on the 12th of July 2011.
Peacher will continue to serve on the Company’s Board and as a financial consultant to the Company. Ken Lackey, Executive Chairman, and Hastings Siegfried, Vice Chairman and COO of the Transparency Group, will maintain their respective positions.
"To be handed the company torch as it is being returned to the family is the highest honor I could receive,” Meredith Siegfried said. “This is the result of a succession plan that has been in place for several years and was carefully managed. Recognition is due to the Board, whose professional wisdom was invaluable in formulating and guiding the succession plan; to our executive leadership, who managed through the turbulence of the last several years; and, of course, to our stakeholders, who work their hearts out every day. With that solid base, my mission over the next 5 years is to enlarge the Nordam legacy by expanding our footprint within the industry and across the globe.”
Nordam, headquartered in Tulsa, Okla., is one of the largest independently owned aerospace companies in the world. Nordam designs, certifies and manufactures integrated propulsion systems, nacelles and thrust reversers for business jets. In addition, Nordam manufactures composite aircraft structures, interior shells, custom cabinetry, radomes, and aircraft transparencies such as cabin windows, wing tip lenses and simulator screens. It is also one of the world’s largest third-party providers of maintenance, repair and overhaul services to the military, commercial airline and air freight markets. The company employs over 2,000 people around the globe, with facilities in the U.S., United Kingdom, Mexico and Singapore.
More information : www.nordam.com