BELLEVUE , Wash. , June 14, 2006--Esterline Corporation (NYSE/ESL www.esterline.com), a leading specialty manufacturer serving aerospace / defense markets, today announced the appointment of Paul V. Haack to its Board of Directors and the Board’s Audit Committee. Haack recently retired from Deloitte and Touche as a senior partner where he most recently was the lead partner on the Boeing and United Airlines accounts in Deloitte’s Chicago office.
Robert W. Cremin , Esterline CEO, said, “…as the national leader of Deloitte’s Aerospace and Defense practice, Paul provided financial, operational and governance advice to many of the country’s leading aerospace and defense companies. Esterline is fortunate to have the benefit of Paul’s 33 years of financial experience, and I believe he will be a solid addition to our already strong independent board of directors.”
Prior to his most recent assignment in Chicago, Haack served as lead partner for Boeing during 28 years in Deloitte’s Seattle office. Also during his career, he was the lead technical partner in Deloitte’s Northwest and Milwaukee Practices.
Haack holds a bachelor’s degree in business from the University of Montana. He has served on the boards of the School of Business Administration at the University of Montana and was a founder of the American Institute of Certified Public Accountants’ Defense Contractors’ Committee. He has also served as Board President for Hospice of Seattle and as Chairman of the Providence Hospital Foundation.
With Haack’s appointment, Esterline’s Board of Directors expands to 10 members, nine of whom are independent.
Esterline Corporation is a specialized manufacturing company serving principally aerospace/defense and medical markets, and employing nearly 8,000 people around the world. Esterline management views the company's businesses in three segments related to its set of core competencies: Avionics & Controls, Sensors & Systems, and Advanced Materials.
Operations within the Sensors & Systems segment produce, power distribution equipment, high-precision temperature and pressure sensors, motion control components, and other related systems principally for aerospace and defense customers. The Avionics & Controls segment focuses on technology interface systems for commercial and military aircraft and similar devices for land- and sea-based military vehicles, secure communications systems, specialized medical equipment, and other high-end industrial applications. Advanced Materials focuses on process-related technologies, including high-performance elastomer products and other high-temperature resistant components used for a wide range of military and commercial aerospace purposes, and combustible ordnance and electronic warfare countermeasure products.