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Following the Board of Directors of April 21, 2011 which appointed Jean-Paul Herteman, as Chairman & Chief Executive Officer and Dominique-Jean Chertier, Ross McInnes and Marc Ventre, as Deputy Chief Executive Officers, Safran disclosed its new executive organisation.
This new organisation will be implemented after consultation with employee representative bodies and will be followed by other appointments. The public reporting structure of the Group performance will remain unchanged: Aerospace Propulsion, Aircraft Equipment, Defence and Security.
Safran is a leading international high-technology group with three core businesses: Aerospace (propulsion and equipment), Defence and Security. Operating worldwide, the Safran group has more than 54,000 employees and generated sales of 10.8 billion euros in 2010. Working alone or in partnership, Safran holds world or European leadership positions in its core markets. The Group invests heavily in Research & Development to meet the requirements of changing markets, including expenditures of 1.2 billion euros in 2010. Safran is listed on NYSE Euronext Paris and its share is part of the CAC Large 60 index.
More information : www.safran-group.com