Novaria Group Announces the Election of Bonnie Peat and James Riley to the Board of Directors

Novaria Group today announced that Bonnie Peat and James Riley have joined its Board of Directors.

Ms. Peat most recently served as Vice President of the Engine Business for Parker Aerospace, where she was responsible for leading the strategy, business development and relationship management for OEM engine customers worldwide. Prior to this, Ms. Peat held several other senior leadership roles within Parker Aerospace where she had responsibility for aftermarket services and support, business development for customers within the Americas, and managing customer and operational performance for its Pneumatics Business Unit.

Mr. Riley most recently served as Chief Executive Officer of Consolidated Precision Products (CPP), a leading provider of castings for aerospace and defense end markets. Prior to CPP, Mr. Riley held multiple executive leadership roles at Transdigm Group, Inc., including as Executive Vice President responsible for multiple domestic and international operating units.

"Our team is thrilled to partner with Bonnie and Jim as we look to take Novaria to the next level," said Josh Weisenbeck, Partner at KKR and senior leader on KKR's Industrials investment team. "Both Bonnie and Jim bring decades of leadership experience at best-in-class aerospace and defense suppliers and will play an integral role in the execution of our growth strategy at Novaria."

"The addition of Bonnie and Jim is an excellent example of Novaria's ongoing efforts to deploy world-class talent throughout the organization," said Bryan Perkins, CEO of Novaria Group. "The collective industry experience of Bonnie and Jim uniquely positions them to support Novaria as we execute upon our commercial growth strategy. Each brings a unique set of skills to the table that will help enable Novaria to achieve our strategic goals. We're thrilled to have them join the Board of Directors of Novaria."

"Bonnie and Jim have stellar track records of building performance-oriented aerospace companies and will bring valuable insights to the organization," said Pete Stavros, Co-Head of Americas Private Equity at KKR. "We are confident Bonnie and Jim will contribute to the continued success of Novaria and we look forward to having them join Novaria's Board."

About Novaria Group

Novaria Group is a cohesive family of precision aerospace & defense component companies, a sum made greater by the value of its parts, that consistently delivers optimum performance and sustainable growth. With deep industry knowledge, demonstrated integrity and an abiding regard for human capital, Novaria Group provides its business units unmatched access to unique innovations and best practices. Investing and strategically operating in defined segments of the precision component sector, Novaria Group deploys its significant leadership experience to improve the operational and business capabilities and capital resources of small to mid-market commercial aerospace manufacturing firms. Since our founding in 2011, we have been building a new kind of precision aerospace & defense components supplier, developing robust business processes and long-standing customer relationships, while making organizational and operational improvements designed to sustain and expand our business.