Leeham News and Analysis
There's more to real news than a news release.
Leeham News and Analysis
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CAE: Leading quietly from Canada, with changes
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By Karl Sinclair
Nov. 18, 2024, © Leeham News: Marc Parent, the CEO of the simulator company CAE of Canada, will step down next year after 15 years at the helm, the company announced on Nov. 12.
Parent, 63, will retire at the Annual General Meeting in August 2025, after 20 years at the company. He joined CAE after working at Bombardier as an aerospace engineer, working his way up to vice-president and general manager of the Challenger 300, Challenger 604, 850/870, and CRJ-200 aircraft programs.
CAE is the dominant simulator company, providing equipment to the military, corporate and commercial aviation industries.
CAE grew under his leadership to become industry leader in the industry, growing revenues to C$4.3bn and a C$12bn backlog in 2024.
