Wed, Nov 28, 2007
Former Aerospace Chief Will Now Oversee Entire Company
Bombardier's Board of Directors announced Wednesday the
appointment of Bombardier Aerospace's Pierre Beaudoin as President
and Chief Executive Officer of Bombardier Inc. effective June 4,
2008 -- the date of the next annual general meeting of
shareholders. Laurent Beaudoin will remain as Chairman of the
Board.
"The Bombardier Board of Directors is confident Pierre Beaudoin
(above) will lead the Corporation successfully, just as he has done
for the past six years as head of Bombardier Aerospace and
previously as President and Chief Operating Officer (COO) of
Bombardier Recreational Products," said Jean C. Monty, Bombardier
Board member and Chairman of the Human Resources and Compensation
Committee.
"We are announcing this change in leadership six months from now
to allow for an orderly transition," added Laurent Beaudoin,
Chairman of the Board and Chief Executive Officer, Bombardier
Inc.
"The Board of Directors wishes to thank Laurent Beaudoin for his
outstanding contribution since his return as CEO three years ago,"
said Monty. "Under his leadership, Bombardier has regained momentum
and is well positioned for future success."
Pierre Beaudoin has been with
Bombardier for 22 years. He joined the Corporation in 1985 to help
organize the Marine Products Division and was later named
Vice-President of Product Development for Sea-Doo/Ski-Doo. From
June 1992 to April 1996, he served successively as Executive Vice
President and President of the Sea-Doo/Ski-Doo Division. He served
as President and Chief Operating Officer (COO) of Bombardier
Recreational Products from April 1996 to January 2001.
In February 2001, Pierre Beaudoin was appointed President of
Bombardier Business Aircraft. He assumed the post of President and
Chief Operating Officer of Bombardier Aerospace in October 2001. In
December 2004, in addition to his duties as President and COO of
Bombardier Aerospace, Pierre Beaudoin was appointed Executive Vice
President of Bombardier Inc. and a member of the Office of the
President. He was also named to the Bombardier Board of
Directors.
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