B/E Aerospace Inc. VP / GM, Wayne R. Exton, Announces His Retirement

On August 7, 2015, Wayne R. Exton announced his retirement from his position as the Vice President and General Manager, Business Jet Segment for B/E Aerospace Inc (NASDAQ:BEAV).

Mr. Exton will serve as a consultant to the Company through August 9, 2017 pursuant to the terms of a written Consulting Agreement entered into with the Company.

In recognition of Mr. Exton’s contributions to the Company, Mr. Exton will receive the compensation and benefits payable upon a termination without cause under his employment agreement dated May 4, 2012, the material terms of which have been previously disclosed in the Company’s Proxy Statement, filed with the Securities and Exchange Commission on April 30, 2015.

Pursuant to the Consulting Agreement, Mr. Exton will receive a consulting fee of $16,666 per month. In consideration for Mr. Exton agreeing to a non-compete covenant applicable for one year beyond the term of the Consulting Agreement, 1,000 shares of his performance-based vesting restricted stock that, had he remained employed, were eligible to vest on each of December 15, 2015 and December 17, 2016, will remain outstanding and will vest on those respective dates subject to Mr. Exton’s continued provision of consulting services pursuant to the terms of the Consulting Agreement and the satisfaction of the applicable performance conditions.

B/E Aerospace Inc (NASDAQ:BEAV) is a manufacturer of cabin interior products for commercial aircraft and business jets.

The Company sells its products and provides services directly to various airlines and aerospace manufacturers across the world. The Company operates through two segments: commercial aircraft (CAS) and business jet (BJS). The Company’s commercial aircraft (CAS) segment offers a range of seating products, oxygen delivery systems, coffee makers and water boilers, ovens, and refrigeration equipment, modular lavatory, wastewater and galley systems, and also provides engineering, design, integration, installation and certification services.

The Company’s business jet segment offers a range of furnishings and interior packages for business jets.

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