Bombardier announces organizational changes to support turnaround plan

Bombardier has announced the following changes in responsibilities for members of its senior management team. Effective immediately, Nico Buchholz will assume a new role as Senior Vice President, Strategic Initiatives and Jim Vounassis will assume the Chief Procurement Officer responsibilities in addition to continuing to lead the company’s operations transformation as Bombardier’s Chief Transformation and Procurement Officer. “Nico, who joined Bombardier in September 2015 and served as the Company’s Chief Procurement Officer, has been instrumental in establishing a more centralized, focused and efficient procurement organization,” said Alain Bellemare, President and Chief Executive Officer, Bombardier Inc. “As a result of his