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MONTREAL, July 25, 2024 /PRNewswire/ – (NYSE: CAE) (TSX: CAE) – CAE Inc. (CAE or the Corporate) these days introduced that Sonya Branco, Govt Vice President, Finance and Well-known Monetary Officer (“CFO”), has urged the corporate of her goal to step ill from her place on the finish of August to pursue pursuits out of doors of CAE. As a part of CAE’s succession plan, Constantino Malatesta, Well-known Accounting Officer and Vice-President, Controller Administrative center, will transform meantime CFO following Ms. Branco’s resignation. A procedure is underway to spot and make a selection an enduring CFO, and Ms. Branco will proceed in a aid capability to safeguard a continuing transition.
Ms. Branco has been CAE’s Govt Vice President, Finance and CFO since 2016. She joined CAE in 2008 and was once appointed to the function of Vice President and Company Controller in 2011.
All over her tenure, Ms. Branco was once instrumental within the transformation of CAE into the sector’s biggest civil gliding coaching supplier, which — mixed with Protection & Safety — makes CAE an organization with extremely habitual resources of income and money stream. She presided over a duration of important growth involving greater than 20 acquisitions and their integration. Ms. Branco additionally deliberate and performed a capital allocation technique, balancing accretive expansion with keeping up a robust monetary place and funding grade profile that allowed CAE to effectively navigate the COVID pandemic and past.
“On behalf of myself, CAE’s Board of Directors, and the entire executive management team, I wish to express my sincere appreciation to Sonya for her numerous contributions to CAE’s success over the last 17 years,” stated Marc Mum or dad, President and Well-known Govt Officer. “Sonya led CAE’s finance organization through a period of significant growth and reached many important milestones. We have benefitted greatly from Sonya’s stewardship, her insightful mentorship of her colleagues, and her deep commitment to the Company. We wish Sonya the very best in her future endeavours.”
Added Mr. Mum or dad, “Constantino has worked closely with Sonya for many years, and he has a deep knowledge of CAE’s business and an extensive background in finance that will provide continuity and stability at CAE. I have full confidence in Constantino’s ability to oversee the Company’s financial operations and strategy as we move forward with our selection process for the permanent CFO role, for which we will consider both internal and external candidates.”
Mr. Malatesta was once appointed CAE’s Well-known Accounting Officer and Vice-President, Controller Administrative center, in 2022. Earlier than that he was once Vice President, Finance and Company Controller (2016-2022), International Head of Finance, CAE Oxford Flying Academy (2014-2016), and Director, Finance and Colleague Company Controller (2011-2014). He joined CAE in 2006 as Supervisor, Accounting Requirements. Mr. Malatesta is a Chartered Skilled Accountant and U.S. Qualified People Accountant. He acquired a Bachelor of Trade Level and a Graduate Degree in Accounting from Concordia College in Montreal.
About CAE
At CAE, we equip crowd in essential roles with the experience and answers to develop a more secure international. As a generation corporate, we digitalize the bodily international, deploying software-based simulation coaching and significant operations aid answers. Above all else, we empower pilots, cabin group, repairs technicians, airways, trade gliding operators, and defence and safety forces to accomplish at their easiest each era and when the stakes are the best. Around the world, we’re all over the place consumers want us to be with roughly 13,000 workers in additional than 240 websites and coaching places in over 40 nations. CAE represents greater than 75 years of trade firsts—the highest-fidelity aviation and undertaking simulators in addition to coaching systems powered by way of virtual applied sciences. We embed sustainability in the whole thing we do. Lately and day after today, we’ll build positive our consumers are able for the moments that topic.
CAE Contacts:
Normal Media:
Samantha Golinski, Vice President, People Affairs & International Communications
+1-438-805-5856, [email protected]
Investor Family members:
Andrew Arnovitz, Senior Vice President, Investor Family members and Undertaking Chance Control, +1-514-734-5760, [email protected]
SOURCE CAE Inc.
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