ANAHEIM, Calif.--(BUSINESS WIRE)--Cadence Aerospace (“Cadence” or the “Company”), one of the largest global providers of precision machined large structures and complex engine components to leading commercial and defense customers, is pleased to announce the appointment of Olivier Jarrault as Chief Executive Officer. With more than 35 years of aerospace and defense industry experience, Mr. Jarrault brings a wealth of experience and insight to the team.
Previously, Mr. Jarrault served as President and CEO of Albany International (“Albany”), a global developer and manufacturer of advanced materials-based engineered components for the aerospace and paper markets. At Albany, Mr. Jarrault led an organization of 4,700 employees operating 24 facilities in 11 countries and grew revenue at a double-digit annual growth rate and EBITDA by over 50%. Prior to Albany, Mr. Jarrault was Group President of Alcoa Engineered Products and Solutions (“Alcoa”), where he led five business units with over 28,000 employees operating 140 facilities in 19 countries. In this role, Mr. Jarrault provided precision products to the aerospace, defense, industrial gas turbine, oil and gas and industrial markets and built strong relationships with key players in the aerospace and defense industry. Mr. Jarrault most recently was a member of the Cadence Board of Directors, having served since June 2020. As a board member, Mr. Jarrault became deeply embedded in the Cadence business—visiting sites, meeting the teams, and assessing the Company’s expertise, capabilities, and opportunities for growth.
In his new role as CEO, Mr. Jarrault succeeds Julian Guerra, who has served the Company as Interim Chief Executive Officer since March 2020. Mr. Guerra will continue as a key member of the Cadence Board of Directors, where he will be instrumental in directing business strategies focused on growth and serving customers.
“I am honored and proud to lead Cadence Aerospace as Chief Executive Officer, and I am excited to engage with our incredible employees and customers, the Board of Directors, and to partner with the Arlington Capital team as we continue to further expand the efforts already underway to provide even greater value to our customers and stakeholders,” said Mr. Jarrault, Chief Executive Officer of Cadence Aerospace. “Working together, we will continue to drive the Company forward and build upon the groundwork and momentum that Julian Guerra has expertly set in motion—providing our aerospace and defense customers with distinctive solutions and outstanding quality and delivery. We plan to continue investing in our business both organically and through acquisitions to expand our product offerings and geographic reach to our customers.”
“The appointment of Olivier Jarrault to the Cadence Executive Leadership team is an integral part of the strategy at Cadence Aerospace to align resources and provide customers with exceptional solutions that lead the industry in quality and performance. We thank Julian Guerra for all of his contributions and for successfully guiding Cadence over the last year, and we look forward to continuing to work with him on the Board of Directors,” said Peter Manos, a Managing Partner at Arlington Capital Partners.
Bilal Noor, a Vice President at Arlington Capital Partners, said, “Olivier has an impressive track record with over 35 years of experience in the aerospace and defense industry, and has delivered exceptional financial and operational growth during his time at Albany International and at Alcoa before that. We look forward to leveraging his many years of operational, strategic and M&A experience as we continue to grow Cadence.”
About Arlington Capital Partners
Arlington Capital Partners is a Washington, DC-based private equity firm that is currently investing out of Arlington Capital Partners V, L.P., a $1.7 billion fund. The firm has managed approximately $4.0 billion of committed capital via five investment funds. Arlington is focused on middle market investment opportunities in growth industries including aerospace & defense, government services and technology, healthcare, and business services and software. The firm’s professionals and network have a unique combination of operating and private equity experience that enable Arlington to be a value-added investor. Arlington invests in companies in partnership with high quality management teams that are motivated to establish and/or advance their company’s position as leading competitors in their field.
About Cadence Aerospace
Cadence Aerospace, a portfolio company of Arlington Capital Partners, is a leading aerospace and defense industry supplier committed to achieving success with its business partners through active engagement, aligned manufacturing and sourcing strategies, and industry-leading capabilities. The Company’s Centers of Excellence, based in the U.S. and Mexico, produce machined parts, subassemblies, assemblies and repair and overhaul services for the world's leading manufacturers of aircraft, aerostructures, aeroequipment and defense platforms. With clearly defined products and services, complementary capabilities, positions on programs offering long-term growth, a balanced and global aerospace, commercial and defense portfolio, Cadence Aerospace offers outstanding quality and delivery at cost-competitive prices to aerospace and defense companies globally.