CAE realigns senior managements responsibilities
CAE is realigning the responsibilities of some members of senior management, effective immediately.
Montreal, May 17, 2006 – Having essentially completed the restructuring plan first announced in February 2005, CAE is realigning the responsibilities of some members of senior management, effective immediately.
Don Campbell, who has played an essential role in establishing CAEs strong presence in the military modelling and simulation market since his 2002 appointment as Group President, Military Simulation and Training, becomes Executive Vice President of CAE. His overall responsibilities will include broadening CAEs market presence around the world as well as maintaining close relationships with governments and regulatory authorities in all markets. His expertise will continue to benefit CAEs two Military segments, which he will assist in an advisory capacity.
As Group President, Civil Training & Services and Innovation, Jeff Roberts will continue to lead CAEs civil aviation training organization, with a particular focus on increasing CAEs presence in emerging markets such as India and China. Since joining the company in 2002 and becoming Group President, Civil Training & Services, in May 2004, Mr. Roberts has been key in growing CAEs global training network, rendering it both more customer-centric and more operationally efficient. Mr. Roberts is now taking on the additional responsibility of establishing a company-wide group devoted to innovation. This initiative is intended to identify opportunities for CAE to leverage its expertise and leading-edge technologies in adjacent markets. Nick Leontidis, currently Executive Vice President, Sales, Marketing & Business Development, for the Civil business segments, will lead the new initiative as Executive Vice President, Innovation.
Retaining his role as head of Simulation Products, Marc Parent will now also assume responsibility for the Military segments as Group President, Simulation Products and Military Training & Services. In just over a year with CAE, Mr. Parent has helped CAE achieve significant milestones in cost reduction and increased efficiencies while managing growth in the products business. His leadership will benefit the Military segments as CAE continues to strengthen its position in this market. While continuing to lead CAEs R&D initiatives, Mr. Parents mandate will be to ensure the continued building of synergies and transfer of knowledge between the Civil and Military business segments. Martin Gagné, currently Executive Vice President, Marketing & Sales, Military Simulation & Training, will become Executive Vice President, Sales and Marketing, Simulation Products and Military Training & Services.
Having devoted fiscal year 2006 to implementing the restructuring plan we announced in February 2005, CAE is now ready to consider new growth opportunities, said Robert E. Brown, CAEs President and Chief Executive Officer. This realignment of responsibilities will help prepare CAE for the future.