MIAMI & HOLLYWOOD, Fla.--(BUSINESS WIRE)--HEICO Corporation (NYSE:HEI) (NYSE:HEI.A) today announced that Laurans A. Mendelson, its Chairman and Chief Executive Officer, was named Best CEO in the Midcap Aerospace & Defense industry by Institutional Investor in its annual All American Executive Team 2018. Mr. Mendelson received the same honor for 2017, marking the second consecutive year he’s been named Best CEO.
Institutional Investor conducts an annual survey of securities research professionals to determine which CEOs and other officers are ranked as the top executives in various industries. His ranking in first place as Best CEO for 2018 was derived from a survey of 352 buy-side and sell-side securities analysts who cover the sector.
Mr. Mendelson commented, “While I am deeply flattered that so many investment professionals feel I’m the top CEO in our category, I consider this an award to all of HEICO’s Team Members worldwide, as I attribute HEICO’s success to their unceasing efforts on our customers’, shareholders’, fellow Team Members’ and partners’ behalf. HEICO is fortunate to have the best Team Members in our industry and I am proud to serve with this talented group.”
Mr. Mendelson added, “I thank all of the securities professionals involved in the survey and ranking for their confidence. In an industry with many great people and fellow CEOs, I am humbled by their support. I also extend my congratulations to other Aerospace & Defense companies winning other awards in our category.”
HEICO has two classes of common stock traded on the NYSE. Both classes, the Class A Common Stock (HEI.A) and the Common Stock (HEI), are virtually identical in all economic respects. The only difference between the share classes is the voting rights. The Class A Common Stock (HEI.A) receives 1/10 vote per share and the Common Stock (HEI) receives one vote per share. The stock symbols for HEICO's two classes of common stock on most web sites are HEI.A and HEI. However, some web sites change HEICO's Class A Common Stock symbol (HEI.A) to HEI/A or HEIa.
HEICO Corporation is engaged primarily in the design, production, servicing and distribution of products and services to certain niche segments of the aviation, defense, space, medical, telecommunications and electronics industries through its Hollywood, Florida-based Flight Support Group and its Miami, Florida-based Electronic Technologies Group. HEICO’s customers include a majority of the world’s airlines and overhaul shops, as well as numerous defense and space contractors and military agencies worldwide, in addition to medical, telecommunications and electronics equipment manufacturers. For more information about HEICO, please visit our website at http://www.heico.com.