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MIAMI, FL / ACCESS Newswire / September 29, 2025 / HEICO Corporation (NYSE: HEI)(NYSE: HEI) today reported that Laurans A. Mendelson, the Company's Executive Chairman of the Board, passed away on September 27, 2025 at age 87. He is survived by his wife of 63 years, Arlene Mendelson, two sons and daughters-in-law, six grandchildren and one great-grandchild.
Following Mr. Mendelson's passing, Eric A. Mendelson and Victor H. Mendelson, the Company's Co-Vice Chairmen and Co-Chief Executive Officers were named Co-Chairmen of the Company's Board of Directors, in accord with HEICO's long-existing succession plans approved by the Company's Board of Directors. They remain the Company's Co-Chief Executive Officers. The Company further stated that it does not anticipate any changes to HEICO's business or operations as a result of Mr. Mendelson's passing.
Mr. Mendelson and his sons took over HEICO's management in 1990 after becoming the company's largest shareholders. HEICO was then a small, troubled aviation products company with $26 million in net revenues and a similar market capitalization.
Posted In: HEI
