MONTREAL, May 16, 2024
/PRNewswire/ - (NYSE: CAE) (TSX: CAE) - CAE Inc. (CAE or the
Company) today announced the appointment of Patrick Decostre to the
Board of Directors, effective immediately.
Mr. Decostre is President, Chief Executive Officer and a
director of Boralex Inc., a provider of affordable renewable energy
in North America and Europe. Prior to his appointment as President
and CEO in 2020, he spent 18 years building Boralex's business from
the ground up in Europe, where he
initiated wind energy initiatives and directed all operations and
development activities of Boralex's European subsidiaries. Mr.
Decostre, an engineering physicist, graduated from the École
Polytechnique of Brussels. He is
also a graduate of the Solvay Business School in Brussels in business administration. His full
biography is available on the Boralex website.
Mr. Decostre's appointment is in conjunction with the retirement
of Mr. Michael E. Roach, who has
served on the Board since 2017.
"On behalf of the Board, I want to thank Mike for his
dedication, insight, and wise counsel over the past seven years.
His vast experience and outstanding judgment contributed constantly
to productive discussions. We are grateful and we wish him the very
best," said Alan N. MacGibbon, Chair of the Board of
Directors. "Patrick brings extensive executive leadership and
operating experience to the Board, and we look forward to
benefiting from his insight as we continue to improve execution and
performance across our businesses."
About CAE
At CAE, we equip people in critical roles with the expertise and
solutions to create a safer world. As a technology company, we
digitalize the physical world, deploying software-based simulation
training and critical operations support solutions. Above all else,
we empower pilots, cabin crew, airlines, and defence and security
forces to perform at their best every day and when the stakes are
the highest. Around the globe, we're everywhere customers need us
to be with more than 13,000 employees in approximately 250 sites
and training locations in over 40 countries. CAE represents more
than 75 years of industry firsts—the highest-fidelity flight and
mission simulators as well as training programs powered by digital
technologies. We embed sustainability in everything we do. Today
and tomorrow, we'll make sure our customers are ready for the
moments that matter.
Read our FY23 Global Annual Activity and Sustainability
Report.
Contacts
General Media:
Samantha Golinski, Vice President, Public
Affairs & Global Communications
+1-438-805-5856, samantha.golinski@cae.com
Investor Relations:
Andrew Arnovitz, Senior Vice
President, Investor Relations and Enterprise Risk Management
+1-514-734-5760, andrew.arnovitz@cae.com
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SOURCE CAE Inc.
