Press release from Marketwire
CAE announces new Group President Civil
Twenty-five-year company veteran Nick Leontidis to lead company's Civil business
Thursday, June 06, 2013
CAE announces new Group President Civil11:45 EDT Thursday, June 06, 2013
MONTREAL, CANADA--(Marketwired - June 6, 2013) - (NYSE:CAE)(TSX:CAE) - CAE today announced the appointment of Mr. Nick Leontidis as Group President, Civil Simulation Products, Training and Services, effective immediately. Mr. Leontidis replaces Mr. Jeff Roberts who is leaving the company.
"We thank Jeff for his dedicated service to CAE; he has helped CAE's civil training and services business become the world leader it is today," said Mr. Marc Parent, CAE President and CEO. "We wish him the best in his future endeavours."
"We welcome Nick to his new role. He has been with CAE for the past 25 years, most recently as Executive Vice President, Strategy and Business Development. Since joining CAE, Nick has played a key role in the success of our civil business and the expansion of our global footprint. He brings strong customer relationships with our partner airlines and OEMs and excellent leadership qualities. Nick has outstanding international experience, in particular in China where he was the executive responsible for developing CAE's sales and relationships. His strong credibility and deep understanding of the global aviation market are critical assets to our company's continued growth," Mr. Parent said. "His credibility with our employees coupled with his intimate knowledge of our technology and products will allow CAE to offer innovative solutions."
Mr. Leontidis joined CAE as a software engineer in 1988 and rose to the leadership of CAE's Visuals Systems group in 1999. Since then, he has held roles of increasing responsibility within the company's products and services segments. His positions included Vice President, Marketing and Sales for the Civil unit; Vice President, Simulation Products; Executive Vice President, Civil Aviation Training and Equipment; and most recently, Executive Vice President, Strategy and Business Development.
Mr. Leontidis holds Bachelor's and Master's degrees in Engineering from Concordia University.
CAE is a global leader in modelling, simulation and training for civil aviation and defence. The company employs approximately 8,000 people at more than 100 sites and training locations in approximately 30 countries. CAE offers civil aviation, military and helicopter training services in more than 45 locations worldwide and trains approximately 100,000 crew members yearly. In addition, the CAE Oxford Aviation Academy offers training to aspiring pilot cadets in 11 CAE-operated flight schools. CAE's business is diversified, ranging from the sale of simulation products to providing comprehensive services such as training and aviation services, integrated enterprise solutions, in-service support and crew sourcing. The company applies simulation expertise and operational experience to help customers enhance safety, improve efficiency, maintain readiness and solve challenging problems. CAE is leveraging its simulation capabilities in new markets such as healthcare and mining. www.cae.com.
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FOR FURTHER INFORMATION PLEASE CONTACT:
Nathalie Bourque, Vice President,
Public Affairs and Global Communications
Andrew Arnovitz, Vice President,
Investor Relations and Strategy