HEICO Corporation Announces Management Position Changes Consistent With Succession Plan

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[{"type":"text","content":"Laurans A. Mendelson to become Executive Chairman; Eric A. Mendelson and Victor H. Mendelson to become Co-CEOs","length":110,"tagName":"p"},{"type":"text","content":"HOLLYWOOD, FL AND MIAMI, FL / ACCESS Newswire / April 21, 2025 / HEICO Corporation (NYSE:HEI)(NYSE:HEI.A) today announced that Laurans A. Mendelson, its Chairman and Chief Executive Officer, will become the Company's Executive Chairman of the Board of Directors and that Eric A. Mendelson and Victor H. Mendelson will become the Company's Co-Chief Executive Officers effective on May 1, 2025.","length":400,"tagName":"p"},{"type":"text","content":"Eric and Victor Mendelson have served as the Company's Co-Presidents since 2009. In addition, Eric Mendelson has served as President & CEO of the Company's Flight Support Group ("FSG") since founding it in 1993 and Victor Mendelson has served as President & CEO of the Company's Electronic Technologies Group ("ETG") since founding it in 1996. They will continue in these roles, in addition to serving as HEICO's Co-CEOs.","length":465,"tagName":"p"},{"type":"text","content":"As Executive Chairman of the Board, Laurans Mendelson will continue leading the Company's Board of Directors, his deep involvement with strategic direction and planning, as well as overseeing key investor and constituency relationships.","length":240,"tagName":"p"},{"type":"text","content":"The transition is consistent with the Company's long-time internal, orderly and planned CEO succession approach as annually reviewed by the Company's Board of Directors. The transition has been occurring internally over many years and reflects much of the functional roles Eric and Victor Mendelson have assumed over time.","length":330,"tagName":"p"},{"type":"text","content":"Laurans, Eric and Victor Mendelson jointly commented, "The position changes are more titular than practical, given that we have operated the Company together, often interchangeably, for decades, with our Team Members, customers, shareholders and others working extensively with us-both individually and collectively- since our involvement with HEICO commenced some 35 years ago.","length":383,"tagName":"p"},{"type":"text","content":"More notably, HEICO's decentralized and entrepreneurial structure means that the Company relies on the...

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