Bombardier Inc. announced today a reorganization of its corporate office and the decentralization of certain functional responsibilities to Bombardier Aerospace and Bombardier Transportation. The reorganization follows the previously announced creation of the Office of the President that regroups strategic and executive management responsibilities around the Chairman and Chief Executive Officer and the Presidents of the Corporation’s two main operating groups. A total of 60 corporate office positions will be eliminated.
Bombardier also announced that Mr. Michael Denham, Senior Vice President, Strategy, is leaving the Corporation effective immediately. Mr. Richard Bradeen is appointed Senior Vice President, Strategy and CASRA (Corporate Audit Services and Risk Assessment) and will assume the corporate strategy function in addition to his present responsibilities.
“Announcing layoffs is always difficult, but the restructuring of our corporate office allows certain functions to reside in the operating groups and be managed by the respective Presidents, Mr. André Navarri at Bombardier Transportation and Mr. Pierre Beaudoin at Bombardier Aerospace,’’ said Mr. Laurent Beaudoin, Chairman of the Board and Chief Executive Officer, Bombardier Inc. “I wish to sincerely thank those employees leaving us for their years of devoted service to Bombardier.’’
“I also wish to thank Michael for his loyal service to Bombardier,” added Mr. Beaudoin. “His contribution in many critical files over the past four years has been significant. On behalf of the Board of Directors and all Bombardier employees, I wish him well in his new endeavours.’’
“Richard Bradeen has been a solid leader at Bombardier for seven years now. With his background in corporate strategy, he is well positioned to support me and the Office of the President as we focus on the development of the Corporation’s overall strategy,’’ said
The Corporation also announced the appointment of Mr. John Paul Macdonald as Senior Vice President, Public Affairs, effective immediately. Mr. Macdonald assumes his duties in addition to his current communications and government affairs responsibilities at Bombardier Aerospace.
“John Paul is an experienced communicator who has proven himself since he joined Bombardier Aerospace three years ago. I am very pleased to have him join my management team,’’ concluded Mr. Beaudoin.
A world-leading manufacturer of innovative transportation solutions, from regional aircraft and business jets to rail transportation equipment, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2004 were $15.5 billion US and its shares are traded on the Toronto and Frankfurt stock exchanges (BBD and BBDd.F). News and information are available at www.bombardier.com.
John Paul Macdonald
Senior Vice President, Public Affairs