50 SKY SHADES - World aviation news

Bombardier's Executive Chairman Makes Statement Declining Compensation Increase for 2016

Download: Printable PDF Date: 02 Apr 2017 11:29 categories:
Publisher:
Bombardier's Executive Chairman Makes Statement Declining Compensation Increase for 2016 - Finance publisher
Tatjana Obrazcova
Country: Canada Aircraft: Airplanes

Bombardier announced that Mr. Pierre Beaudoin, Bombardier’s Executive Chairman, has requested that the Bombardier Board of Directors reset his compensation for 2016 to bring it back to its 2015 level.

“After listening to the recent public debate about the compensation of senior executives at Bombardier, I have asked the Board of Directors to reset my 2016 compensation, reducing it to the 2015 level. Bombardier is a proud Canadian company, with a storied history that began in Quebec and has spread around the world as our business has expanded. The trust and confidence of our people and our governments are extremely important to the company, and to me. It is clear that this situation has become a distraction to the important work done by our employees and senior management to return this great company to growth. I take this step to put the focus back on what matters – the transformation of Bombardier into the most competitive plane and train manufacturer in the world.” – Pierre Beaudoin, Executive Chairman, Bombardier

The company will file a supplement to its 2017 Management Proxy Circular next week to reflect the change to Mr. Beaudoin’s 2016 compensation.



Loading comments for Bombardier's Executive Chairman Makes Statement Declining Compensation Increase for 2016...


Recommended

Nick Weston of Weston Aviation becomes BACA Deputy Chairman

At the 455th meeting of the BACA Council on February 15th Nick Weston of Weston Aviation was elected to the position of BACA Deputy Chairman. He will share the role with Volker Meissner of ARGUS...

Bell Helicopter rebrands to “BELL”, reflecting expanded vision for the future

INDUSTRY LEADER IN ADVANCED TECHNOLOGY AND INNOVATION MODERNIZES ITS IDENTITY Bell Helicopter, a Textron Inc. company and major global aircraft manufacturer, revealed it has rebranded to...

XTI Aircraft on Schedule with Development of Flying Prototype

XTI Aircraft Company (XTI) announced it is on schedule and on budget as it completes the ducts and fans for its 60% scale flying prototype of the TriFan 600 aircraft and moves toward...

Airbus delivers its first A350-1000 to launch customer Qatar Airways

The carrier shapes the future of air travel with leading A350 XWB widebody fleet Airbus has delivered the world’s first A350-1000 widebody airliner to launch customer Qatar Airways at a deliv...