CAE’s Brown To Retire
CAE on Wednesday announced that its president and CEO, Robert Brown, will retire on September 30.

CAE on Wednesday announced that its president and CEO, Robert Brown, will retire on September 30. CAE’s board of directors has appointed Marc Parent, CAE’s executive vice president and COO, as Brown’s successor. Brown has agreed to serve as an advisor until the end of December.

“Bob Brown has brought financial discipline, healthy governance and strong growth to CAE,” said CAE chairman Lynton Wilson. “He has made diversification a strategic priority and CAE is now well positioned and enjoys the benefits of a strong balance sheet and a well balanced portfolio among markets, products, services and regions. On behalf of the board, I want to thank him for his strong leadership.”