Bombardier Appoints New President and Chief Executive Officer
Nov. 28, 2007, Montréal, Que. - Bombardier's Board of Directors announced today the appointment of Mr. Pierre Beaudoin as president and CEO of Bombardier Inc.
November 28, 2007 By Carey Fredericks
Nov. 28, 2007, Montréal, Que. – Bombardier's
Board of Directors announced today the appointment of Mr. Pierre
Beaudoin as President and Chief Executive Officer of Bombardier Inc.
effective June 4, 2008, date of the next annual general meeting of
shareholders. Mr. Laurent Beaudoin will remain as Chairman of the Board.
Bombardier Board of Directors is confident Pierre Beaudoin 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 Mr. 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 Mr. Monty. "Under his
leadership, Bombardier has regained momentum and is well positioned for
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
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
manufacturer of innovative transportation solutions, from regional
aircraft and business jets to rail transportation equipment, systems
and services, Bombardier Inc. is a global corporation headquartered in
Canada. Its revenues for the fiscal year ended Jan. 31, 2007, were
$14.8 billion US, and its shares are traded on the Toronto Stock
Exchange (BBD). Bombardier is listed as an index component to the Dow
Jones Sustainability World and North America indexes. News and
information are available at www.bombardier.co