TransDigm Group

Continuity and incentives. Founder‑chair W. Nicholas Howley continues to anchor the culture and operating method. A planned CEO transition is underway: Kevin Stein retired as CEO effective September 30, 2025 and long‑time operator and former CFO Mike Lisman succeeded him, which we view as continuity of the playbook.

Governance is seasoned and deeply familiar with the acquisition and pricing disciplines that define the franchise.