Triumph Group Jumps Most in 7 Years After Appointing New CEO
- Daniel Crowley, 52, has experience from Raytheon, Lockheed
- Company searched for chief after April resignation of Frisby
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Triumph Group Inc. rose the most in seven years after naming Daniel J. Crowley as chief executive officer, ending a search since April for a new leader for the aerospace parts producer.
Crowley, who was president of two Raytheon Co. business units and a former Lockheed Martin Corp. executive, was chosen after an “extensive search” by the board, Triumph said in a statement Tuesday. Crowley, 52, replaces Richard Ill, the founder of Triumph who came out of retirement to take over the company after Jeffry Frisby resigned in April.