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.
"The 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 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.
A world-leading 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.com