Navigating the tricky path from founder to successor
05 July 2015
The CEO Takes Flight @ Triumph Group
Triumph Group CEO Steps Down, Replaced By Company Founder
Richard C. Ill Replaces Jeffry D. Frisby as CEO
Hey Tess Stynes -
What really happened at Triumph Group, a Pennsylvania-based aerospace parts supplier? Seems too matter-of-fact to have a long time multi-decade executive take over as CEO from the founder and then less than three years later to be taken out by a rebounding founder.What happened? Was it the fact that growth was only from consolidating competitors? Has the industry peaked and the company really needs to find its own purchaser? Was there some type of interpersonal conflict among the CEO and founder or the CEO and Board? Your WSJ story is intriguing, but leaves the real questions unanswered.