CLEVELAND, May 26, 2023 ~ TransDigm Group Incorporated (NYSE: TDG) announced today the upcoming retirement of Chief Operating Officer Jorge L. Valladares III, the appointment of Mr. Valladares to the Company's Board of Directors, the appointment of Mike Lisman and Joel Reiss as Co-Chief Operating Officers, and the appointment of Sarah Wynne as Chief Financial Officer.

Mr. Valladares will retire at the end of TransDigm's 2023 fiscal year after serving as Chief Operating Officer for four years and in various other roles for over 25 years. He will aid in the transition of his role to Mike and Joel until his retirement date. President and Chief Executive Officer, Mr. Stein, expressed his gratitude for Mr. Valladares' dedication to TransDigm and welcomed him to the Company's Board of Directors, effective as of today.

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Mike Lisman has been appointed Co-Chief Operating Officer after serving as Chief Financial Officer for five years and working at AeroFluid Products (a TransDigm operating unit) and on the Mergers & Acquisitions team at TransDigm prior to that. Joel Reiss has also been appointed Co-Chief Operating Officer after being an Executive Vice President for eight years and having served in various roles since joining TransDigm in 2000.

Sarah Wynne has been appointed Chief Financial Officer after having served as TransDigm's Chief Accounting Officer for five years with 20 years experience in operational and GAAP accounting at TransDigm prior to that.

Mr. Stein expressed his confidence in Mike, Joel, and Sarah's ability to create value at TransDigm due to their unique mix of experience in a broad range of aerospace businesses and their long-term employment with the company which perpetuates its unique culture.

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