|By Marketwired .||
|July 23, 2014 04:32 PM EDT||
MONTREAL, QUEBEC -- (Marketwired) -- 07/23/14 -- Today, Bombardier Inc. (TSX: BBD.A)(TSX: BBD.B)(OTCQX: BDRBF) announced the implementation of a new organizational structure, comprised of four business segments:
-- Bombardier Transportation -- Bombardier Business Aircraft -- Bombardier Commercial Aircraft -- Bombardier Aerostructures and Engineering Services
Effective immediately, all four business segments will report directly to Pierre Beaudoin, President and Chief Executive Officer, Bombardier Inc. The heads of the business segments remain Lutz Bertling at Transportation, Eric Martel at Business Aircraft and Mike Arcamone at Commercial Aircraft. The head of the new Aerostructures and Engineering Services business segment will be appointed in the next few weeks. Bombardier Aerospace group functions and the Customer Services division will be absorbed into the three aerospace business segments, generating reductions in cost and overhead.
"This marks another step in Bombardier's evolution," said Pierre Beaudoin. "Combined with the implementation of OneBT, the recent Bombardier Transportation reorganization, the new Aerospace organizational structure will enable us to be more agile and flexible in addressing customer needs, while increasing our focus on growth areas. The creation of the Aerostructures and Engineering Services business segment will also help us market our expertise in this field to the aerospace industry, thus generating new revenues. We are setting the stage to take full advantage of our investments and the tremendous growth potential of our new products."
The new Aerostructures and Engineering Services business segment will specialize in the design and development of complex advanced composite and metallic aerostructures in all classes of civil aircraft and all categories of structure, including fuselages, wings and engine nacelles.
As a result of this reorganization, Bombardier Aerospace President and Chief Operating Officer, Guy Hachey, is retiring. "Guy led Bombardier Aerospace during an important period in its history. I wish to thank him for his contributions over the past six years," said Mr. Beaudoin.
A detailed implementation plan will be developed over the next few months, and the new structure will be in place January 1, 2015.
Bombardier is the world's only manufacturer of both planes and trains. Looking far ahead while delivering today, Bombardier is evolving mobility worldwide by answering the call for more efficient, sustainable and enjoyable transportation everywhere. Our vehicles, services and, most of all, our employees are what make us a global leader in transportation.
Bombardier is headquartered in Montreal, Canada. Our shares are traded on the Toronto Stock Exchange (BBD) and we are listed on the Dow Jones Sustainability World and North America Indices. In the fiscal year ended December 31, 2013, we posted revenues of $18.2 billion. News and information are available at bombardier.com or follow us on Twitter @Bombardier.
Bombardier and The Evolution of Mobility are trademarks of Bombardier Inc. or its subsidiaries.
+514 861 9481, ext. 13773
Senior Director, Investor Relations
+514 861 9481, ext. 13356
In recent years, at least 40% of companies using cloud applications have experienced data loss. One of the best prevention against cloud data loss is backing up your cloud data. In his General Session at 17th Cloud Expo, Sam McIntyre, Partner Enablement Specialist at eFolder, presented how organizations can use eFolder Cloudfinder to automate backups of cloud application data. He also demonstrated how easy it is to search and restore cloud application data using Cloudfinder.
Nov. 30, 2015 11:00 AM EST Reads: 214
The Internet of Everything is re-shaping technology trends–moving away from “request/response” architecture to an “always-on” Streaming Web where data is in constant motion and secure, reliable communication is an absolute necessity. As more and more THINGS go online, the challenges that developers will need to address will only increase exponentially. In his session at @ThingsExpo, Todd Greene, Founder & CEO of PubNub, exploreed the current state of IoT connectivity and review key trends and t...
Nov. 30, 2015 10:45 AM EST Reads: 459
Two weeks ago (November 3-5), I attended the Cloud Expo Silicon Valley as a speaker, where I presented on the security and privacy due diligence requirements for cloud solutions. Cloud security is a topical issue for every CIO, CISO, and technology buyer. Decision-makers are always looking for insights on how to mitigate the security risks of implementing and using cloud solutions. Based on the presentation topics covered at the conference, as well as the general discussions heard between sessi...
Nov. 30, 2015 10:30 AM EST Reads: 350
Countless business models have spawned from the IaaS industry – resell Web hosting, blogs, public cloud, and on and on. With the overwhelming amount of tools available to us, it's sometimes easy to overlook that many of them are just new skins of resources we've had for a long time. In his general session at 17th Cloud Expo, Harold Hannon, Sr. Software Architect at SoftLayer, an IBM Company, broke down what we have to work with, discussed the benefits and pitfalls and how we can best use them ...
Nov. 30, 2015 10:21 AM EST
Nov. 30, 2015 10:00 AM EST Reads: 289
Nov. 30, 2015 09:00 AM EST Reads: 505
Nov. 30, 2015 08:00 AM EST Reads: 562
Nov. 30, 2015 07:00 AM EST Reads: 381
Nov. 30, 2015 07:00 AM EST Reads: 466
Nov. 30, 2015 06:00 AM EST Reads: 387
Nov. 30, 2015 05:30 AM EST Reads: 493
Nov. 30, 2015 05:15 AM EST Reads: 251
Nov. 30, 2015 04:00 AM EST Reads: 607
Nov. 30, 2015 04:00 AM EST Reads: 348
Nov. 30, 2015 03:45 AM EST Reads: 439