Bombardier’s bottom line was bolstered by “solid” demand for its business jets, and the company said it plans to increase production to ease record backlogs. Additionally, the Canadian company said that the Bombardier and Beaudoin families’ management dynasty will continue, with the appointment of Pierre Beaudoin as president and CEO of Bombardier, effective June 4. Pierre’s father, Laurent Beaudoin, remains chairman of the board.
Canadian Business Hall of Fame
Bombardier disclosed yesterday that “effective immediately” Pierre Beaudoin, son of Bombardier chairman and CEO Laurent Beaudoin, would replace Peter Edwards as president of Bombardier Business Aircraft. The Montreal-based company declined to comment on what precipitated the sudden change at the top, with a spokesman saying only that Edwards, 49, “stepped down and left the company to pursue other interests.” On Feb.
Michael Denham, Bombardier senior v-p of strategy, and 60 other corporate officers are being fired from the Montreal-based transportation company. The move is part of a major organizational change in the wake of CEO Paul Tellier’s dismissal and the creation of the Office of the President, which “regroups strategic and executive management responsibilities around the chairman” and new CEO Laurent Beaudoin.
Early last July Pierre Beaudoin’s 10-month stint as president and COO of Bombardier Aerospace came to an end as he passed the baton to Pierre Gabriel Côté. Beaudoin, the son of Bombardier chairman Laurent Beaudoin and the grandson of company founder Joseph-Armand Bombardier, was asked to serve in an interim capacity in September 2005 when Peter Edwards departed after 10 years.