BERWYN, Pa.—(BUSINESS WIRE)—Triumph Group, Inc. (NYSE:TGI) today announced that the Board of Directors has appointed Daniel J. Crowley as President and Chief Executive Officer and as a director of the company, effective January 4, 2016. Mr. Crowley succeeds Richard C. Ill, the founder of Triumph and a member of the Board of Directors, who has served as CEO since April 08, 2015, after previously serving as CEO from 1993 until his retirement in July 2012. Mr. Ill will continue to serve as a director on the Triumph Board. The company’s announcement follows an extensive search by the Board’s Search Committee to identify a new CEO.

Mr. Crowley brings significant strategic and operational experience to Triumph in the aerospace and defense industry, amassed over a 32-year career. He most recently served as President of two Raytheon Company business areas with multi-billion dollar revenues. Prior to Raytheon, Mr. Crowley served as Chief Operating Officer of Lockheed Martin Aeronautics after holding a series of increasingly responsible assignments across its space, electronics, and aeronautics sectors. Mr. Crowley has played key leadership roles in the development, production and deployment of some of the largest and most complex aerospace and defense products.

General Ralph “Ed” Eberhart, Non-Executive Chairman of the Board of Directors, said, “On behalf of the Board, I am delighted to welcome Dan as Triumph’s new President and CEO. After careful and deliberate consideration of an extensive group of highly qualified candidates, the Search Committee recommended and the entire Board unanimously approved Dan to lead Triumph forward as CEO. This leadership announcement comes at an important time in our company’s history as we look to enhance competiveness and profitability to capitalize on the rapid expansion of the global aviation market. We are confident that Dan’s strategic and operational expertise, and deep understanding of the aerospace and defense industry, make him well-qualified to drive Triumph’s growth, development and execution.”

Mr. Crowley said, “I am deeply honored to succeed Rick as Triumph’s next President and CEO. Triumph has emerged as a critical supplier and partner to virtually all Tier 1 aerospace and defense OEMs that demand the highest level of quality, affordability and on-time delivery. I look forward to leveraging our comprehensive capabilities and talented workforce to deliver on customer commitments, support Triumph’s and our customers’ growth objectives, and drive shareholder value.”

General Eberhart continued, “On behalf of everyone at Triumph, I want to thank Rick for the tremendous job he has done serving as our President and CEO. Rick did not hesitate to step back into the role and provide the steady leadership needed to improve performance and profitability at a critical time. We look forward to continuing to benefit from his expertise through his ongoing service as a member of the Board."

Mr. Ill commented, “It was a privilege to lead the Triumph team and I look forward to my continued role as a director. The company remains committed to significantly reducing costs, improving execution and leveraging the strength of our portfolio. I join the rest of my fellow directors and the management team in supporting Dan as we work to create significant value for all stakeholders.”