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Today, Bombardier Inc. announced it terminated President and Chief Executive Officer Paul Tellier’s contract and created a new office of the president charged with carrying out strategic and executive management responsibilities.
Because Tellier had said he planned to leave the company when his contract expires next year, Bombardier’s human resources and compensation committee recommended the management change.
"I understand the board’s concern that I would not be here for the long term to develop and execute strategies, and the need to reshape the management structure at this time," Tellier said in a prepared statement
Since he began serving as Bombardier’s top exec two years ago, Tellier has helped the company restructure its balance sheet and sell several divisions.
"The corporation hired Tellier as an agent of change and he has delivered," said Executive Chairman Laurent Beaudoin, who now will chair the president’s office.
The company named Bombardier Transportation President Andre Navarri, and Bombardier Aerospace President and Chief Operating Officer Pierre Beaudoin executive vice presidents and directors to serve with Laurent Beaudoin in the president’s office.
Pierre Beaudoin was named president and COO of Bombardier Aerospace in 2001. He previously served as president of Bombardier Aerospace, Business Aircraft, and president and COO of Bombardier Recreational Products
Navarri was named president of Bombardier Transportation in February. He previously served as president of operations at Alcatel, where he was responsible for manufacturing operations, purchasing, business processes, information systems and quality.
James Perrella will continue to serve as lead director. Other directors will remain on the board except for Michael McCain and Jalynn Bennett, who resigned. Bombardier Capital will report to Chief Financial Officer Pierre Alary.
12/13/2004
Rail News: Railroading People
Bombardier terminates Tellier's contract, appoints execs to new office of president
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Today, Bombardier Inc. announced it terminated President and Chief Executive Officer Paul Tellier’s contract and created a new office of the president charged with carrying out strategic and executive management responsibilities.
Because Tellier had said he planned to leave the company when his contract expires next year, Bombardier’s human resources and compensation committee recommended the management change.
"I understand the board’s concern that I would not be here for the long term to develop and execute strategies, and the need to reshape the management structure at this time," Tellier said in a prepared statement
Since he began serving as Bombardier’s top exec two years ago, Tellier has helped the company restructure its balance sheet and sell several divisions.
"The corporation hired Tellier as an agent of change and he has delivered," said Executive Chairman Laurent Beaudoin, who now will chair the president’s office.
The company named Bombardier Transportation President Andre Navarri, and Bombardier Aerospace President and Chief Operating Officer Pierre Beaudoin executive vice presidents and directors to serve with Laurent Beaudoin in the president’s office.
Pierre Beaudoin was named president and COO of Bombardier Aerospace in 2001. He previously served as president of Bombardier Aerospace, Business Aircraft, and president and COO of Bombardier Recreational Products
Navarri was named president of Bombardier Transportation in February. He previously served as president of operations at Alcatel, where he was responsible for manufacturing operations, purchasing, business processes, information systems and quality.
James Perrella will continue to serve as lead director. Other directors will remain on the board except for Michael McCain and Jalynn Bennett, who resigned. Bombardier Capital will report to Chief Financial Officer Pierre Alary.
