Ludwig Boogen Retiring From The Position

Marenco Swisshelicopter has named Mr. Philippe Harache as its new Chairman of the Board.

Harache is a French aerospace engineer and entrepreneur, he is a graduate of the Institut Polytechnique des Sciences Avancées, INSEAD and Harvard Business School as well as a graduate from the French National Defence College (IHEDN).

After starting his career at the Helicopter Division of Aerospatiale, he participated in the foundation of Eurocopter and was nominated in 1994 CEO of Eurocopter International.

He later became Senior Executive Vice President of the group, a position which he retained until 2010, when he left to pursue an active role in the start-up of dynamic and innovative companies.

In selecting Philippe Harache as Chairman of the Board of Directors, Martin Stucki, founder of the company, chose an expert he said has strategic vision and who can support the company with his know how and network.

Martin Stucki added "With the on-going advancement and structuration of the company, the arrival of Philippe is a great opportunity that will ensure our success and bring assurance to our strategic and commercial expansion," Stucki said.

"I am delighted to join the team that has one of the most innovative helicopter projects in its hands, which I could say is no longer at the project stage but well advanced in its development," said Harahche.

Ludwig Boogen will retire as Chairman of the Board and remain active in his multiple professional activities as an interim manager and Managing Partner of Top Fifty AG. Based on his experience in the aviation industry and as CFO he provided significant support to the start-up since early 2011. "Marenco Swisshelicopter has strongly benefited from the professionalism and unlimited motivation of Ludwig Boogen, during his chairmanship," Stucki said.

(Image provided by Marenco Swisshelicopter)

FMI: www.marenco-swisshelicopter.com