Latecoere Announces Its New Leadership Team to Focus on Customer Ramp-Up Led Growth, Operational Excellence and Drive Profitability

Regulatory News:

Latecoere (Paris:LAT):

New Leadership Configuration

“Looking at our priorities ahead – namely delivering on-time on the increasing production volumes our customers need while navigating the challenges of a difficult supply chain environment, we need the right leadership configuration to be successful given we now have 6000 employees across 14 countries,” said Greg Huttner, Latecoere Group CEO. “This new team set-up will ensure our operational units, representing our manufacturing sites are at the heart of the executive committee agenda, and the critical global technical and support functions are around the table to help the operational units reach their top performance level”. Latecoere is moving to a new organization to increase the focus on customers, plants and suppliers, structured around four Operating Units, Global & Support Functions.

Four Operating Units

Our new Operating Units will have end-to-end responsibility for delivering on our customers’ needs – including P&L responsibility:

• Aerostructures Americas led by Stéphane Molinier will run our detailed parts, composite and assembly sites in Hermosillo, Mexico, as well as our two sites in Canada (Burlington, Delta) and our Brazil site in Jacarei
• Aerostructures Europe led by Wolfgang Konrad will run our sites doing a mix of detailed complex parts, composite and assembly in Europe – Gimont (France), Montredon (France), Plovdiv (Bulgaria), Prague (Czech Republic) and central operations at Toulouse-Périole (France)
• Interconnection Systems led by Samuel Begué focused on state-of-the-art EWIS harnesses and avionics racks with sites in France (Labège, Liposthey and Vendargues), India (Belagavi), Morocco (Casablanca), Tunisia (Fouchana) and Mexico (Hermosillo)
• Special Products & Services (SPS) focused on high value add Aerostructures & Interconnection customer services as well as specialized and complex technology solutions (MADES, TAC and Advanced Wireless and Video Systems).

Global Technical & Support Functions

Latecoere has unrivalled industrial and technical know-how across aerostructures, doors, complex parts, harness and racks deep in our global technical function teams. These functions which are at the heart of our business today and working on the aerospace solutions for the future will now form part of the executive committee to ensure they are fully synchronized with the Operational Units: