Bombardier Announces Management Changes

Bombardier Inc. / Bombardier Announces Management Changes . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.

MONTREAL, QUEBEC--(Marketwired - Apr 9, 2015) - Alain Bellemare, President and Chief Executive Officer, Bombardier Inc. (TSX:BBD.A)(TSX:BBD.B)(OTCQX:BDRBF), announced today that he is bringing in new talent to reinforce the company's management team. These changes will instill a fresh perspective at Bombardier, driving execution, alignment and intensity across the entire company.

Pierre Alary will retire as Senior Vice President and Chief Financial Officer, Bombardier Inc. In order to ensure a smooth transition, he will remain in his position until an international search for his successor has been completed.

Mr. Bellemare also announced that Fred Cromer is appointed President, Bombardier Commercial Aircraft, effective immediately. Mr. Cromer will be joining his team in Mirabel in the coming weeks. He is replacing Mike Arcamone, who is leaving the company to pursue other interests. During Mr. Arcamone's mandate, the CSeries development program achieved key milestones towards its entry into service and Bombardier wishes to thank him for his contribution to the company.

"Fred is an amazing addition to our team", said Alain Bellemare. "Throughout his impressive career, he has led businesses with enterprise values of $500 million to over $30 billion and developed an unparalleled network of contacts in the airline industry. Most recently, as President of International Lease Finance Corporation (ILFC), Fred expanded international operations to support key growth regions. His strong leadership skills, international network and deep understanding of the aviation industry are a perfect match for Bombardier Commercial Aircraft, as we are preparing to realize the true market potential of our new CSeries aircraft, while refocusing on our Q400 and CRJ programs," emphasized Mr. Bellemare.