CAE appoints board chair

CAE (NYSE:CAE) (TSX:CAE) has announced the Honourable John P. Manley, P.C., O.C. has been appointed as Chair of the Board following CAE´s 2018 annual meeting of shareholders, the company said.

Manley has been an independent director of CAE since 2008, and succeeds James F. Hankinson who served as a director since 1995 and as Chair of the Board since 2013.

Manley is President and Chief Executive Officer of the Business Council of Canada, which represents the CEOs and entrepreneurs of leading Canadian corporations. Mr. Manley is former Deputy Prime Minister of Canada.

CAE announced that General Norton Schwartz was elected to its Board as an independent director. General Schwartz is currently President and CEO of Business Executives for US National Security and is a retired US Air Force General, having served as its Chief of Staff from 2008 to 2012.

Departing the CAE Board is retired US Army General Peter J. Schoomaker, whose position will be filled by General Frank Gorenc, a retired General in the US Air Force.

CAE is a global leader in training for the civil aviation, defence and security, and healthcare markets. Backed by a record of more than 70 years of industry firsts, the company continues to help define global training standards with virtual-to-live training solutions to make flying safer, maintain defence force readiness and enhance patient safety.