DeCrane Aircraft Founder Dies

 - September 26, 2006, 9:40 AM

Jack DeCrane, 59, president and founder of DeCrane Aircraft Holdings, died on December 29 of complications resulting from lung cancer.

He founded the company in 1989 in the basement of his home. DeCrane described himself as a “small company guy,” yet ended up turning DeCrane Aircraft Holdings into a major player in the completion and refurbishment industry.

Donaldson, Lufkin & Jenrette, an integrated investment and merchant bank acquired the company in mid-1998.

Richard Kaplan, former DeCrane senior v-p and CFO, has been named CEO to succeed DeCrane.