Bombardier names new president/CEO

Bombardier (TSX: BBD.B) has announced Éric Martel, former president and CEO of Hydro-Québec has been appointed President and Chief Executive Officer, and a member of the Bombardier Board of Directors, effective April 6, 2020, the company said.

Éric Martel will succeed Alain Bellemare.

Prior to joining Hydro-Québec, Éric Martel held a number of leadership positions at Bombardier, including President of the Business Aircraft Division and President of the Customer Services and Specialized Aircraft Division.

With the five-year turnaround plan nearing completion, the Board, including Mr. Bellemare, unanimously concluded that it was the appropriate time for a new leader to take the helm of the corporation.

Headquartered in Montréal, Canada, Bombardier has production and engineering sites in over 25 countries across the segments of Aviation and Transportation.