Bombardier Announces the Election of its Board of Directors, Pays Tribute to Former CEO and Chairman Laurent Beaudoin
MONTREAL, QUEBEC--(Marketwired - May 3, 2018) - Bombardier (TSX:BBD.A)(TSX:BBD.B)(OTCQX:BDRBF) announced today that all candidates in the Management Proxy Circular dated March 5, 2018 were elected as directors of Bombardier Inc. during its annual meeting of shareholders, which was held in Montreal this morning. The detailed results of the ballot for the election of directors are below.
Election of Directors
Following a vote, each of the following 14 candidates proposed by management was elected a director of Bombardier:
|Candidates||Votes for||% for||Abstentions||% of abstentions|
|J. R. André Bombardier||3,492,357,288||96.68%||120,089,519||3.32%|
|Martha Finn Brooks||3,576,525,315||99.01%||35,933,347||0.99%|
|August W. Henningsen||3,576,108,245||98.99%||36,350,427||1.01%|
|Douglas R. Oberhelman||3,595,711,727||99.54%||16,746,945||0.46%|
|Vikram Pandit (Lead Director)||3,559,473,512||98.53%||52,985,160||1.47%|
|Carlos E. Represas||3,537,405,100||97.92%||75,053,572||2.08%|
|Antony N. Tyler||3,588,620,319||99.34%||23,838,343||0.66%|
|Beatrice Weder di Mauro||3,588,462,865||99.34%||23,995,807||0.66%|
Laurent Beaudoin retires after 55 years at Bombardier
Today also marked the retirement of Bombardier's Chairman Emeritus, Laurent Beaudoin, who decided not to seek reelection on the Board. Mr. Beaudoin had joined the Company in 1963, when Bombardier was a snowmobile manufacturer based in Valcourt, Québec. Under his leadership as President and Chief Executive Officer, and later as Chairman, Bombardier went public and diversified into the rail and aerospace industries to become a global mobility leader.
"Laurent Beaudoin's exceptional contribution is a source of inspiration and pride for all of us at Bombardier. To see a local champion becoming a global powerhouse, with a presence in more than 100 countries around the world, is truly remarkable," said Alain Bellemare, President and Chief Executive Officer, Bombardier Inc. "Bombardier, Québec and Canada are recognized globally as leaders in rail and aerospace today thanks to his vision, audacity and leadership."
During Mr. Beaudoin's tenure, the Company achieved incredible milestones, including the 1974 Montreal Metro contract; the 1982 New York City subway contract, dubbed the "contract of the century"; the launch of the Canadair Regional Jet (CRJ ) program in 1989, which has gone on to become the world's most successful regional aircraft program; and the launch of the Global Express family of aircraft in 1993. Through the acquisition of companies like ANF-Industrie, Canadair, Short Brothers, Learjet, AdTranz and de Havilland, Mr. Beaudoin secured Bombardier's place as the world's leading manufacturer of rail transportation equipment and civil aircraft. Largely recognized as one of the best in the world, Bombardier's vast product portfolio is a testament to Mr. Beaudoin's legacy.
With over 69,500 employees across four business segments, Bombardier is a global leader in the transportation industry, creating innovative and game-changing planes and trains. Our products and services provide world-class transportation experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.
Headquartered in Montreal, Canada, Bombardier has production and engineering sites in 28 countries across the segments of Transportation, Business Aircraft, Commercial Aircraft and Aerostructures and Engineering Services. Bombardier shares are traded on the Toronto Stock Exchange (BBD). In the fiscal year ended December 31, 2017, Bombardier posted revenues of $16.2 billion US. News and information are available at bombardier.com or follow us on Twitter @Bombardier .
Bombardier , CRJ and Global Express are trademarks of Bombardier Inc. or its subsidiaries.
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