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Bombardier CFO Pierre Alary to retire POST Online Media

Bombardier CFO Pierre Alary to retire

Staff writer | Montréal, QC, Canada | Friday April 10, 2015 9:21AM ET
Pierre AlaryApril 10, 2015, Montréal, QC, Canada - Bombardier announces that Pierre Alary will retire as senior vice president and chief financial officer, Bombardier Inc.
Mr. Alary is a chartered accountant and a business administration graduate from l’Université du Québec a Montréal (UQAM).

Starting in 1978, Mr. Alary spent 20 years at Ernst & Young. During his last 10 years there, Mr. Alary was a senior partner in charge of audit and consulting services for major manufacturing and high-tech companies.

He was also involved in the biotechnology industry and became a major player in the development of the Ernst & Young biotech practice in Québec. He co-founded the Québec Biotechnology Association, later renamed BIOQuébec.

Mr. Alary joined Bombardier in 1998 as Vice President, Finance for Bombardier Transportation, the rail transportation sector of the business.

This position eventually took him to Berlin, where he oversaw the financial facet of the acquisition and integration of Adtranz, which Bombardier purchased from Daimler-Chrysler in 2001. As a member of the Management and Executive Committees, he was in charge of Finance for the Transportation group worldwide.

In November 2002, Mr. Alary was promoted to Vice President, Finance for Bombardier Inc., and in February 2003, he was named Senior Vice President and Interim Chief Financial Officer. In February 2009, he also took responsibility for the Treasury Department.

Since June 2003, he has held the position of Senior Vice President and Chief Financial Officer of Bombardier Inc., with responsibility for all lines of the business.

He is a member of the Ordre des Comptables Agréés du Québec. In January 2009, Mr. Alary obtained the Chartered Director (C.Dir.) designation from The Directors College, a joint venture of McMaster University and The Conference Board of Canada. In February 2011, he also earned the prestigious Fellow (FCA) award from the Ordre des Comptables Agréés du Québec.

Fred Cromer is appointed President, Bombardier Commercial Aircraft.

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.

With more than 23 years of experience in aviation, Mr. Cromer spent six years at ILFC as President and previously as Senior Vice President Finance and Chief Financial Officer.

Earlier in his career, he held various executive positions in the airline industry, such as Chief Financial Officer, ExpressJet, Vice President and Chief Financial Officer, Continental Express, Vice President Fleet Planning, Continental Airlines and Director of Fleet Planning, Northwest Airlines.

He holds a Bachelor in Economics from the University of Michigan and an MBA in Finance from DePaul University in Chicago.

In addition, Bombardier is welcoming Plane View Partners and its Chairman, Henri Courpron, as strategic advisors.

Mr. Courpron is a former Chief Executive Officer of ILFC who also served for 20 years at Airbus in a number of management positions, including President and Chief Executive Officer of Airbus, North America. His team’s mandate consists of conducting an extensive review of Bombardier Commercial Aircraft’s operations, with the objective of improving its overall performance.

 

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