B/E Aerospace Appoints Former Boeing CFO To Same Position

The world's leading supplier of aerospace fasteners, consumables, and logistics services names its new CFO, as well as CFO of KLX Inc.

Id 5170 Be Aerospace

WELLINGTON, Fla. — 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, announced Tuesday the appointments of Joseph T. Lower as Vice President and Chief Financial Officer of B/E Aerospace, Inc. and Michael F. Senft as Vice President, Chief Financial Officer and Treasurer of KLX Inc. Mr. Lower will initially join B/E Aerospace as Vice President, Finance and be appointed Vice President and Chief Financial Officer upon the effectiveness of the separation of KLX Inc. from B/E Aerospace, Inc.

Mr. Lower most recently was Vice President of Business Development and Strategy for The Boeing Company, where he spent the last twelve years. In this role, Mr. Lower was responsible for the corporate strategy, mergers and acquisitions, and transaction integration departments within Boeing. He worked closely with Boeing’s senior executive team and Boeing’s business units to assess, define and enable differentiated growth strategies. He was also a member of the International and Finance leadership teams. Prior to joining Boeing in 2002, among other finance positions, Mr. Lower spent 6 years with Credit Suisse in various investment banking roles including positions in Mergers and Acquisitions, and Corporate Finance. Transactions completed included mergers, acquisitions, divestitures, public equity offerings, and high yield debt financings. Mr. Lower received his M.B.A. from the J.L. Kellogg Graduate School of Management at Northwestern University and his B.A. in Finance from the Indiana University School of Business. Mr. Lower will be joining B/E Aerospace on November 1, 2014.

Amin J. Khoury, Chairman and Chief Executive Officer of B/E Aerospace, commented, “I am pleased to welcome Joe as a member of our executive team who will be working directly with Werner Lieberherr and me. Joe’s strong financial background and deep knowledge of the aerospace industry, having been with Boeing over the past 12 years, will serve Joe well in his new role at B/E Aerospace.”

Mr. Khoury, continued, “I am also pleased to welcome Mike Senft to KLX in his new role as CFO and Treasurer.”

Mr. Senft most recently was a Managing Director of Moelis & Company, where he provided strategic advisory services to clients in a variety of industries, including the Industrials, Metals and Mining, and Food sectors. He has been a member of the B/E Aerospace, Inc. Board of Directors since February 2012, a position he will cease to serve on the effective date of the separation of KLX Inc. from B/E Aerospace, Inc. For more than twenty years, Mr. Senft has been a highly valued adviser to B/E Aerospace, having structured and placed or advised the Company on long-term capital transactions totaling over $4 billion and advised the Company on essentially all strategic acquisitions. Mr. Senft has over 30 years of experience as an investment banker, including prior roles as Global Head of Leveraged Finance at CIBC, and Global Co-Head of Leveraged Finance at Merrill Lynch. Mr. Senft has served on the Board of Directors of Moly Mines Ltd., a development stage mining company publicly listed on the Australian and Toronto stock exchanges and he served on the Board of Directors of Del Monte Foods. Mr. Senft holds a B.A. in Economics from Princeton University and an M.B.A. from the Stern School of Business at New York University. Mr. Senft will be joining KLX today, October 6, 2014.

Mr. Khoury concluded, “I look forward to working closely with Joe and Werner Lieberherr at B/E Aerospace and with Mike and Tom McCaffrey at KLX.”

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