Esterline Consolidates Senior Operational Leadership Structure

BELLEVUE, WA--(Marketwired - Aug 13, 2015) - Esterline Corporation (NYSE: ESL) (www.esterline.com), a leading specialty manufacturer serving global aerospace and defense markets, today announced that it has appointed a new segment president and consolidated its senior operational leadership structure under two key executives.

Esterline's Board of Directors appointed Roger A. Ross as Segment President effective August 24, 2015. Ross will lead Esterline's Sensors & Systems segment, succeeding Alain M. Durand, who resigned from his position effective August 14, 2015. Ross is a seasoned international executive who was most recently Senior Vice President, Actuation and Propeller Systems for United Technologies Aerospace Systems, headquartered in the UK, with operations in six countries. Prior to that position, Ross served in various executive roles domestically and internationally, including an extended position managing certain India-based operations for Goodrich Corp., which was acquired by United Technologies in 2012.

The company will also consolidate the management of its Avionics & Controls and Advanced Materials segments under the leadership of Albert S. Yost, effective August 15, 2015. Yost is a strong operations leader who joined Esterline at one of the company's controls businesses in 1999, held management responsibility for Esterline's Interface Technologies businesses from May 2007 until May 2011 and has led the Advanced Materials operating segment since June 2011. Yost succeeds Frank E. Houston, who will retire as Segment President, effective August 14, 2015, after over 31 years of outstanding service and increasing positions of responsibility within Esterline. Houston will remain with the company as a senior advisor until May 2016 to ensure a smooth transition of his management responsibilities.

Curtis Reusser, Esterline's Chairman and Chief Executive Officer, commented, "We are very pleased to make these appointments. We are confident that the consolidation of our management responsibilities together with a fresh leadership perspective will carry numerous benefits. We believe this change will facilitate our ongoing integration process, create greater responsiveness, allow us to uncover further opportunities for efficiency and accelerate the implementation of a range of best practices and cost-savings initiatives. Roger brings a broad set of diverse experiences and a global perspective to the Esterline team, in addition to a proven track record of generating growth and driving improvement during his time at Goodrich and UTC."