Bombardier makes organization changes to senior management

Bombardier (TSX: BBD.B) has announced organizational changes to its senior leadership, resulting from retirements and changes in responsibilities, the company said.

Jim Vounassis has been appointed Chief Operating Officer for Bombardier Transportation. He will have responsibility for BT´s global operations, quality and procurement functions, as well as its overall industrial strategy.

Louis Véronneau will assume responsibility for Bombardier´s strategic planning process in addition to his current role overseeing Bombardier´s partnerships, mergers, acquisitions and divestures as Bombardier´s Senior Vice President, Strategy and Corporate Development.

Nico Buchholz has advised the company of his wish to retire later this summer. He was recruited to join Bombardier in 2015 as Group Chief Procurement Officer.

With over 69,500 employees across four business segments, Bombardier is a global leader in the transportation industry, creating innovative and game-changing planes and trains. Our products and services provide world-class transportation experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.

Headquartered in Montreal, Canada, Bombardier has production and engineering sites in 28 countries across the segments of Transportation, Business Aircraft, Commercial Aircraft and Aerostructures and Engineering Services.