MONTREAL, Nov. 12, 2024 /PRNewswire/ – (NYSE: CAE) (TSX: CAE) CAE introduced nowadays that nearest twenty years at CAE, together with 15 as President and Leading Govt Officer, and nearest spearheading the making of CAE as a world chief in coaching for civil flying and defence and safety forces, Marc Mum or dad shall be retirement the corporate at upcoming generation’s Annual Basic Assembly in August 2025, as a part of an ongoing succession plan. Till this month, Mr. Mum or dad will proceed to manage CAE in his position as CEO and as a member of the Board of Administrators, travel CAE’s strategic targets and safeguard an efficient transition.
“Under Marc’s leadership, CAE has become a global leader in training for civil aviation and defence and security forces, through which we have furthered our mission to make the world a safer place” stated Alan N. MacGibbon, Chair of the Board of Administrators.” During his tenure, CAE’s annual revenue has nearly doubled to $4.3 billion from $2.2 billion. This was driven in large part by the transformation he led from being primarily an industrial products company to becoming the world leader in aviation training solutions, with over two-thirds of annual revenue coming from recurring services. These accomplishments cement his legacy as a high calibre leader in the aerospace industry and create a solid foundation for the future.”
“Marc’s lasting impact on CAE and global aerospace is unanimously recognized by the Board,” stated Mr. MacGibbon. “As we continue our succession process for the next CEO of CAE, we are fortunate to benefit from the considerable leadership depth he has built across the organization, placing us in an excellent position for sustainable growth.”
Added Mr. Mum or dad, “It has been the privilege of a lifetime to lead this company over the last 15 years. Having been engaged in succession planning discussions for some time, the Board and I are fully aligned on the process and transition to CAE’s next CEO. Over the decades, I have been able to work together with an extraordinary team, reshaping the aerospace industry by creating something truly unique, and prepared thousands of people in critical roles for the moments that matter. I am proud of the numerous awards and overall recognition that CAE has received, of the solid relationships we developed, and I am grateful for everyone who contributed to making our company what it is today.”
“CAE’s innovative technology and outstanding people now set the standard for training and safety worldwide. When I conclude this unique journey next year, it will be with the knowledge that given our unparalleled training and software solutions, the strong secular growth trends in Civil and Defence, and our robust order backlog, the future is bright for CAE.”
In keeping with its ongoing and rigorous succession making plans procedure, the Board of Administrators has retained a eminent govt seek company to habits a complete international seek, which can come with comparing inside and exterior applicants, to spot a pristine CEO to manage the Corporate into the month. The Human Sources Committee of the Board will guard the hunt procedure with help and support from Mr. Mum or dad.
For more info about CAE’s CEO, Marc Mum or dad, please consult with: https://www.cae.com/about-cae/management-team/marc-parent
About CAE
At CAE, we equip nation in important roles with the experience and answers to assemble a more secure international. As a generation corporate, we digitalize the bodily international, deploying software-based simulation coaching and significant operations help answers. Above all else, we empower pilots, cabin group, repairs technicians, airways, industry flying operators, and defence and safety forces to accomplish at their easiest each year and when the stakes are the very best. Around the world, we’re all over consumers want us to be with roughly 13,000 staff in additional than 240 websites and coaching places in over 40 international locations. CAE represents greater than 75 years of trade firsts—the highest-fidelity flying and undertaking simulators in addition to coaching methods powered via virtual applied sciences. We embed sustainability in the entirety we do. As of late and the next day, we’ll build certain our consumers are able for the moments that subject.
Read our FY24 Global Annual Activity and Sustainability Report.
CAE Contacts:
Basic Media:
Samantha Golinski, Vice President, Nation Affairs & World Communications
+1-438-805-5856, [email protected]
Investor Members of the family:
Andrew Arnovitz, Senior Vice President, Investor Members of the family and Endeavor Chance Control, +1-514-734-5760, [email protected]
SOURCE CAE Inc.
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