APRIL 28TH, 2011
NEW APPOINTMENTS
Paris, April 28, 2011
Following the Board of Directors of April 21, 2011 which appointed Jean-Paul Herteman, as Chairman & Chief Executive Officer and Dominique-Jean Chertier, Ross McInnes and Marc Ventre, as Deputy Chief Executive Officers, Safran (NYSE Euronext Paris: SAF) disclosed its new executive organisation.
Dominique-Jean Chertier, Deputy Chief Executive Officer, will be in charge of the corporate office (HR, social and institutional affairs, legal, communication and audit).
Ross McInnes, Deputy Chief Executive Officer, will be in charge of finance and risk management.
Marc Ventre, Deputy Chief Executive Officer, will be in charge of sales and industrial operations.
A new role of Executive Vice President – Transformation is created. It will include Safran+ modernization programs, Research & Technology central operations, and a newly created Innovation directorate. Yves Leclère will be appointed, Executive Vice President – Transformation.
Jean-Pierre Cojan is confirmed in his role of Executive Vice President – Strategy.
Bruno Cotté is appointed Executive Vice President – International, replacing Emeric D’Arcimoles who will take up another role in the Group.
Philippe Petitcolin, the current Chairman and Chief Executive Officer of Snecma will join the senior management of the Group as Chief Executive Officer for Defence/Security.
Pierre Fabre, the current Chairman and Chief Executive Officer of Turbomeca will be proposed at the upcoming Board of Directors of Snecma as its Chairman and Chief Executive Officer.
Olivier Andriès, the current Executive Vice President of the Defence/Security branch will be proposed at the upcoming Board of Directors of Turbomeca as its Chairman and Chief Executive Officer.
This new organisation will be implemented after consultation with employee representative bodies and will be followed by other appointments. The public reporting structure of the Group performance will remain unchanged: Aerospace Propulsion, Aircraft Equipment, Defence and Security.