HEICO Corporation has announced a key leadership transition set to take effect on May 1, 2025. Laurans A. Mendelson, currently the company's Chairman and Chief Executive Officer, will assume the role of Executive Chairman of the Board of Directors. In this new position, he will continue to lead the Board, maintain a strong focus on strategic planning, and oversee relationships with investors and key stakeholders.
Simultaneously, Eric A. Mendelson and Victor H. Mendelson will be appointed as Co-Chief Executive Officers. The two have jointly served as Co-Presidents of HEICO since 2009. Eric Mendelson is also President & CEO of the Flight Support Group, which he founded in 1993, while Victor Mendelson has led the Electronic Technologies Group since founding it in 1996. They will retain these roles in addition to their new positions as Co-CEOs.
This change is part of a long-established, carefully structured succession plan, reviewed annually by the Board of Directors. The transition has been occurring gradually over a number of years and reflects the increasing leadership responsibilities both Eric and Victor Mendelson have taken on.
In addition to the leadership announcement, HEICO disclosed that its subsidiary Mid Continent Controls, Inc. has acquired all ownership interests in Rosen Aviation, LLC. The Eugene, Oregon-based company designs and manufactures in-flight entertainment products, particularly in-cabin displays and control panels for the business and VVIP aviation markets. Financial terms were not revealed, though HEICO expects the acquisition to be accretive to earnings within the year.
Rosen will operate as a wholly-owned subsidiary of MC2, and both companies anticipate strong synergies through their complementary technologies. Together, they aim to provide a wider array of integrated, state-of-the-art aircraft interior solutions.
