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HEICO Corp (NYSE:HEI), a leading manufacturer in the aerospace industry, reported a change in its executive team in a recent SEC filing. Steven M. Walker, the company’s Chief Accounting Officer and Assistant Treasurer, has announced his retirement effective today.
Walker, who has been with HEICO since 2002 and served as Chief Accounting Officer since June 1, 2012, will remain with the company through March 31 to assist with the transition. The company, which maintains an impressive financial health score of "GOOD" on InvestingPro, stated that his retirement is not due to any disagreement with HEICO.
Succeeding Walker is Bradley K. Rowen, who has been appointed as the new Chief Accounting Officer and Assistant Treasurer, effective immediately. Rowen, age 43, joined HEICO in 2011 and has since held positions including Assistant Corporate Controller and Director of Financial Reporting before his most recent role as Senior Director of Corporate Accounting and Finance.
Rowen’s background includes a tenure at PwC as an Audit and Assurance Manager and a Bachelor of Science in Business Administration from The Ohio State University. He is also a Certified Public Accountant. The company expressed confidence in Rowen’s capabilities to maintain HEICO’s financial integrity and success.
HEICO’s Board of Directors extended gratitude to Walker for his years of service and significant contributions to the company. There are no transactions requiring disclosure between the company and either Walker or Rowen under SEC regulations.
This executive transition comes as part of the company's ongoing management and strategic planning. HEICO has not disclosed any further details regarding the impact of these changes on its operations or financial strategies.
The information for this article is based on a press release statement filed with the SEC.
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