Bombardier: Paul Tellier Becomes President and Chief
Executive Officer of Bombardier - Robert E. Brown Leaves
the Corporation
MONTREAL, QUEBEC--DECEMBER 13, 2002 - 08:30 EST
Bombardier announced today that Mr. Paul
Tellier is appointed president and Chief Executive Officer of
Bombardier Inc. and, effective immediately, Mr. Robert E. Brown
is leaving the Corporation.
"The Board of Directors, at a special meeting held at the end of
the day on Thursday, Dec. 12, 2002, appointed Mr. Paul Tellier, a
director of the Corporation and, until now, president and CEO of
Canadian National, as president and CEO of Bombardier Inc.," said
Mr. Laurent Beaudoin, Chairman of the Board and of the Executive
Committee of Bombardier. Mr. Tellier will take up his new
responsibilities on Monday, Jan. 13, 2003. In the interim, Mr.
Beaudoin will assume the CEO's functions.
Mr. Paul Tellier has held several top-level positions in the
Canadian public service, including Clerk of the Privy Council. He
has been president and CEO of the CN since Oct. 6, 1992.
"He is one of the country's most respected business leaders," Mr.
Beaudoin said, "because of his vision, his competence and his
leadership. I am very pleased that he has agreed to take up the
challenges Bombardier must meet today in a complex environment
that also offers good growth prospects."
"Mr. Brown," added Mr. Beaudoin, "asked to be relieved of his
functions and the Board of Directors accepted his resignation at
the same meeting."
Mr. Brown joined Bombardier in February 1987. He held senior
positions at the Corporate level before going to the aerospace
sector in 1990. He was president of Canadair and later of the
Aerospace Group - North America. In April 1996, he was promoted
President and Chief Operating Officer of Bombardier Aerospace,
which included Short Brothers. He was appointed President and CEO
of Bombardier Inc. in February 1999.
"Throughout his career at Bombardier," Mr. Beaudoin noted, "Mr.
Brown's commitment, dedication and loyalty never failed. I am
joined by the members of the Board and of the whole management
team in expressing our sincere thanks."
Bombardier Inc., a diversified manufacturing and services
company, is a world-leading manufacturer of business jets,
regional aircraft, rail transportation equipment and motorized
recreational products. It also provides financial services and
asset management in business areas aligned with its core
expertise. Headquartered in Montreal, Canada, the Corporation has
a workforce of some 80,000 people in 24 countries throughout the
Americas, Europe and Asia-Pacific. Its revenues for the fiscal
year ended Jan. 31, 2002 stood at $21.6 billion Cdn. Bombardier
shares are traded on the Toronto, Brussels and Frankfurt stock
exchanges (BBD, BOM and BBDd.F). |
