Novaria Group Announces the Election of Mary Gallagher to the Board of Directors

Novaria Group today announced that Mary Gallagher has joined its Board of Directors.

Most recently, Ms. Gallagher served as Chief Financial Officer of Wheels Up, a leading membership-based private aviation company. In this role, she partnered with the Founder & CEO to scale the business and drive financial discipline, data analytics, corporate governance and IPO readiness. Prior to Wheels Up, Ms. Gallagher spent twelve years at United Technologies Corporation in increasingly senior finance leadership roles, including most recently as Chief Financial Officer of Sikorsky Aircraft Corporation, where she drove the proposed spin-off and ultimate sale of Sikorsky to Lockheed Martin for $9 billion.

"Our team is thrilled to partner with Mary on our recent investment in Novaria," said Josh Weisenbeck, Partner at KKR and senior leader on KKR’s Industrials investment team. "Mary brings a wealth of knowledge and expertise to the table and will play an integral role in taking Novaria’s already strong finance organization to the next level."

"We are very excited to have Mary join our Board," said Bryan Perkins, CEO of Novaria Group. "We are focused on deploying talent throughout the organization, including at the Board, to support Novaria’s strategic goals. Mary brings decades of experience to the table, having held senior finance leadership positions at multiple leading aerospace companies. Her background uniquely positions her to support Novaria as we execute upon our strategy, including deploying best-in-class operating processes and driving commercial growth."

"Mary is an experienced business executive, having led financial organizations for multiple growing businesses over her career. As Novaria continues its growth strategy, we anticipate leaning heavily on Mary’s history of building world-class finance teams focused on enabling the business needs of the organization," said Pete Stavros, Co-Head of Americas Private Equity and Partner at KKR. "We are confident Mary will contribute to the continued success of Novaria as it enters this next phase of growth, and we look forward to her joining 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 its founding in 2011, Novaria has 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 its business.

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