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Ross McInnes named SAFRAN Executive Vice President, Economic and Financial Affairs
Paris, 5 May 2009
Ross McInnes will join the SAFRAN group as Executive Vice President, Economic and Financial Affairs. A specialist in major international industrial groups, Ross McInnes, 55, holds dual French-Australian citizenship. He will replace Noël Gauthier in this position.
Ross McInnes’ appointment as Executive Vice President, Economic and Financial Affairs will take effect following the Annual General Meeting of Shareholders on May 28, 2009.
After graduating from Oxford, Ross McInnes started his career with Kleinwort Benson in London. From 1980 to 1989 he held several positions in the corporate finance arm of Continental Bank (which became part of Bank of America), working in London, Chicago and Paris. In 1989 he moved to the industrial sector by joining Eridania Beghin-Say. He was named chief financial officer of this company in 1991, and was appointed to the Board of Directors in 1999. The following year he moved to Thomson-CSF (now Thales) as Senior Vice President and CFO, playing a major role in the company’s transformation. In 2005 he moved to PPR as senior vice president for finance and strategy, before joining the Supervisory Board of Générale de Santé in 2006. On request from this Board he served as interim Chairman of the Management Board from March to June 2007.
From then until this latest appointment, Ross McInnes was Vice Chairman of Macquarie Capital Europe, a company specialized in infrastructure investments.
Commenting on this appointment, SAFRAN CEO Jean-Paul Herteman said: “Ross McInnes has had a sterling career at both major industrial groups and financial establishments. His international profile will be a significant advantage for our development, and makes him the perfect successor to Noël Gauthier, who had held this position since the creation of the Group in 2005.”
Noël Gauthier, 63, will carry out a major international mission for the Group following the Annual General Meeting of Shareholders.
SAFRAN is an international high-technology group with leadership positions in its core businesses of aerospace propulsion, aircraft equipment, and defense security. The SAFRAN Group employs about 54,000 people in over 30 countries and generates revenue of more than €10 billion.
It comprises many companies with prestigious brand names and holds, alone or in partnership, global or European leadership positions in its markets. SAFRAN is listed on NYSE Euronext Paris and its share is included in the SBF 120 and Euronext 100 indices.
Contact Analystes et Investisseurs :
Quy NGUYEN-NGOC | Directeur Relations investisseurs et Communication financière | Tel +33(0)1 40 60 80 45 | Fax +33 (0)1 40 60 84 36 | Email:email@example.com Contact Presse :
Catherine MALEK | Responsable Relations Presse | Tél +33 (0)1 40 60 80 28 | Fax +33 (0)1 40 60 80 26 | Email:firstname.lastname@example.org Groupe SAFRAN 2, bd du Général Martial Valin 75724 Paris Cedex 15 – France
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