The board of directors of Triumph Group has elected William Mansfield, chair of its finance committee since July 2020, to replace Ralph Eberhart as lead independent director, effective July 21.
Triumph said Monday Mansfield has been serving on its board since November 2012 and he chaired the audit committee for three years from July 2015 and the compensation and management development committee from July 2018 to the same month in 2020.
Prior to joining Triumph, he was the CEO and chairman of the board of Valspar. His career also includes time serving at Bemis and Axiall.
"Bill's years of experience as a public company chair and CEO and deep knowledge of Triumph will maintain strong board independence and support the company's efforts to drive shareholder value," said Daniel Crowley, chair, president and CEO of Triumph.
Eberhart will transition as director on the board while Colleen Repplier will be the finance committee chair on July 21. She has been serving as director since August 2019.