B/E Aerospace Appoints Werner Lieberherr Co-Chief Executive Officer

Lieberherr is currently President and Chief Operating Officer of B/E Aerospace, Inc., and has been appointed as co-Chief Executive Officer of B/E Aerospace, Inc. effective as of January 1, 2014.

WELLINGTON, Fla.--(BUSINESS WIRE)--Oct. 25, 2013-- B/E Aerospace, Inc. (Nasdaq:BEAV), the world’s leading manufacturer of aircraft cabin interior products and the world’s leading provider of aerospace fasteners, consumables and logistics services, today announced that its Board of Directors has appointed Werner Lieberherr, who is currently President and Chief Operating Officer of B/E Aerospace, Inc., as co-Chief Executive Officer of B/E Aerospace, Inc. effective as of January 1, 2014.

Werner Lieberherr was appointed President and Chief Operating Officer of B/E Aerospace effective December 31, 2010. Mr. Lieberherr joined B/E Aerospace as Senior Vice President and General Manager for the Commercial Aircraft Segment in 2006. Prior to joining B/E Aerospace, Mr. Lieberherr spent nearly 20 years in the energy industry, leading businesses for ABB Ltd. and Alstom S.A. during which time he served in various senior management positions in Europe, Asia and as President of ABB Power Generation North America. A native of Switzerland, Mr. Lieberherr holds a Master’s Degree in Business Administration from the Kellogg School of Management, Northwestern University and a Master's Degree in Operations Research and Industrial Engineering from the Swiss Federal Institute of Technology (ETH) in Zurich.

Amin J. Khoury, Founder, Chairman and Chief Executive Officer of B/E Aerospace said, “As President and COO and prior to that as head of our Commercial Aircraft Segment, Werner has made numerous important contributions and has played a significant role in the success of B/E Aerospace. He has been an exceptional leader who has contributed substantially to our competitive position, standing with our customers, and our operational effectiveness. He has also made important contributions to our continuous improvement initiatives which have resulted in improved product quality, product support, and customer satisfaction and ultimately lower costs and higher market shares. Werner is a highly effective leader and is well respected internally and throughout the industry. Werner, Tom McCaffrey, our Senior Vice President and CFO, and I work extremely well together as a highly effective team. I welcome Werner to his new role as co-CEO as he, Tom and I continue to drive business growth and shareholder value creation.”

“B/E Aerospace enjoys a very solid foundation on which to build future success,” stated Werner Lieberherr. “As a result of our multiple company specific growth drivers in addition to the aerospace up cycle, we believe we are uniquely positioned to benefit from both market share gains driven by our innovative product offerings developed through successful R&D efforts as well as our leverage to wide-body aircraft deliveries and retrofits. I am excited to take on my new role as co-CEO and continuing to work with Amin and Tom as a team as we continue to strive for superior earnings growth and shareholder value creation.”

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