Bombardier President and Chief Executive Officer Paul M. Tellier today announced the appointment of André Navarri as President of Bombardier Transportation. The appointment will be effective Feb. 22, 2004.
Mr. Navarri brings to Bombardier a wealth of experience and achievements in the rail transportation industry. He has had an international career, having been with the Alstom Group for 20 years, where he spent three years as President of the transportation division. By the end of the 1990s, he had led this business to the leading position in the sector. Following this, he was Chairman and CEO of Valeo SA, a large automotive component supplier. More recently he was President, Operations, at Alcatel.
"We selected Navarri following a rigorous process. His intimate knowledge of the transportation business and his combined ability to set a strategic plan and execute it strongly complement his project management skills and his keen appreciation for the importance of cost effectiveness," said Tellier. "He has had extensive international experience and is known as an energizing leader. We are extremely pleased to welcome him to our team."
On Jan. 29, 2004, Bombardier announced a new organizational structure within its rail transportation group. The position of President and Chief Operating Officer of the group was then split into two distinct positions and Wolfgang Toelsner was appointed Chief Operating Officer.
A world-leading manufacturer of innovative transportation solutions, from regional aircraft and business jets to rail transportation equipment, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2003, were $21.2 billion Cdn and its shares are traded on the Toronto, Brussels and Frankfurt stock exchanges (BBD, BOM and BBDd.F). News and information are available at www.bombardier.com.
N.B. Fiscal year 2002-03 revenues have been restated following the sale of the recreational productsbusiness.
Vice President, Communications