B/E Aerospace Announces Appointment of James F. Albaugh to Its Board of Directors

WELLINGTON, Fla.—(BUSINESS WIRE)—B/E Aerospace (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, announced the appointment of James F. Albaugh to its Board of Directors effective as of November 14th, 2014.

Mr. Albaugh has been a Senior Advisor to The Blackstone Group since December 2012. Prior to that, he was president and chief executive officer of Boeing’s Commercial Airplanes business unit and a member of Boeing’s Executive Council from September 2009 through June 2012. Mr. Albaugh was president and chief executive officer of Boeing’s Integrated Defense Systems business unit from July 2002 to September 2009. Prior to that time, Mr. Albaugh, who joined Boeing in 1975, held various executive positions, including president and chief executive of Space and Communications and president of Space Transportation. He is an honorary fellow of the American Institute of Aeronautics and Astronautics, and an elected member of the National Academy of Engineering. He is the President of the American Institute of Aeronautics and Astronautics, serves as a director to the American Airlines Group Inc., TRW Automotive Holdings Corp. and serves on other nonprofit organization boards and in other professional organizations. Mr. Albaugh holds bachelor’s degrees in mathematics and physics from Willamette University and a master’s degree in civil engineering from Columbia University.

Amin J. Khoury, Chairman and Chief Executive Officer of B/E Aerospace, commented, “I am very pleased to welcome Jim as a member of our Board of Directors. Jim’s distinguished career in aerospace has been truly outstanding and his broad knowledge of the industry will contribute significantly to our business.”