SOURCE: Esterline Technologies

Esterline Technologies

August 13, 2009 16:04 ET

Yeldon Picked to Lead Esterline Avionics Systems Unit

Management Sphere Includes CMC Electronics' Canadian and US Locations

BELLEVUE, WA--(Marketwire - August 13, 2009) - Esterline Corporation (NYSE: ESL) (www.esterline.com), a leading specialty manufacturer serving the aerospace and defense markets, today announced the promotion of Gregory (Greg) Yeldon to the position of President of its CMC Electronics (CMC) subsidiary.

Yeldon has more than 23 years of broad operational experience in the aerospace sector, including 14 years as CMC's Vice President and Chief Financial Officer (CFO). He has also been serving as Interim President of the company since November 2008. His first position with the company was Corporate Comptroller in 1995 and he has served on the Board of Directors for CMC Electronics Inc. and CMC Electronics Holdings Inc. from 2001 to 2007.

Esterline CEO Robert W. Cremin said, "Greg's in-depth business acumen and knowledge of CMC Electronics products, markets, customers and employees makes him particularly well suited to provide continuity and leadership at the helm of Esterline CMC Electronics."

Prior to joining Esterline, Yeldon held a variety of positions at Leigh Instruments and Micronav International. He received a Commerce degree in 1982 from Carleton University and began his career at Peat Marwick, where he obtained his Chartered Accountant designation. He became a member of the Canadian Institute of Chartered Accountants in 1985.

About Esterline:

Esterline Corporation is a leading worldwide supplier to the aerospace and defense industry specializing in three core areas: Advanced Materials, Avionics & Controls and Sensors & Systems. With annual sales of $1.5 billion, Esterline employs more than 10,000 people, including 1,500 engineers worldwide. The Sensors & Systems segment includes operations that produce high-precision temperature and pressure sensors, electrical power distribution equipment, and other related systems principally for aerospace and defense customers. Operations within the Advanced Materials segment focus on technologies including high-temperature-resistant materials and components used for a wide range of military and commercial aerospace purposes, and combustible ordnance and electronic warfare countermeasure products. Operations within the Avionics & Controls segment focus 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.