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Mon, Oct 07, 2019

CAE Defense & Security Group President Gene Colabatistto To Retire

Search For External Candidate For The Position Is Underway

Gene Colabatistto, CAE Group President, Defense & Security has announced his plan to retire from CAE at the end of the year.

"Over the last seven years, Gene Colabatistto contributed greatly to the transformation of our Defense & Security business into the leading training systems integrator it is today," said Marc Parent, CAE's President and CEO. I am grateful for Gene's stewardship in Defense and his contributions as a member of CAE's executive committee, and I congratulate him on an enduring and inspiring career in both the private sector and in the military. Testament to Gene's character is his dedication to the several industry associations and community organizations close to his heart that prioritize education, as well as diversity and inclusion," Parent said.

A process is currently underway to identify an external candidate to succeed Mr. Colabatistto as CAE's Defense & Security Group President. Mr. Colabatistto will remain in his current role until December 31, 2019 to ensure a smooth transition.

(Source: CAE news release)

FMI: www.cae.com

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