DeCrane Aircraft Appoints New Cabin Management Group Chief Financial Officer

Business Wire, Nov 7, 2000

Business Editors

EL SEGUNDO, Calif.--(BUSINESS WIRE)--Nov. 7, 2000

DeCrane Aircraft Tuesday announced the appointment of Brian Moody as the chief financial officer of its Cabin Management Group.

Moody will be responsible for group-wide budgeting, reporting and process improvement initiatives.

As chief financial officer of the group, Moody will work closely with Chuck Becker, president of the Cabin Management Group and the group company's operational and financial management teams.

He will be responsible for improving the planning, forecasting and working capital management processes; implementing the use of best practices, improving group-wide MIS and supporting group-wide planning and delivery processes for DeCrane Aircraft's "cabin in a box" concept.

Moody is a graduate of the University of Southern California's School of Accounting. He is leaving PricewaterhouseCoopers LLP after 11 years and most recently served as a director in PwC's Transaction Services group where he performed financial and operational due diligence on behalf of many financial and strategic buyers.

As a consultant at PwC, Moody was personally involved in the financial and operational due diligence on all of DeCrane Aircraft's Cabin Management Group acquisitions over the past two years.

"Brian brings years of experience in the financial and process improvement areas along with a thorough understanding of the majority of the group companies. We believe that he will greatly compliment our commitment to on-time delivery of product and our eventual delivery of a truly complete cabin in a box," said Becker.

DeCrane Aircraft Inc. is a subsidiary of DLJ Merchant Banking Partners II, L.P. DLJ Merchant Banking Partners II, L.P. is a $3 billion fund dedicated to private equity and equity-related investments.

Note: Except for historical information contained herein, this document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks and uncertainties that may cause the company's actual results or outcomes to be materially different from those anticipated and discussed herein. Further, the company operates in an industry sector where securities values may be volatile and may be influenced by regulatory and other factors beyond the company's control. Important factors that the company believes might cause such differences are discussed in the cautionary statements accompanying the forward-looking statements in the company's reports filed with the Securities and Exchange Commission. In assessing forward-looking statements contained herein, readers are urged to read carefully all cautionary statements contained in those filings with the Securities and Exchange Commission.