Safran selects new CEO to take charge in 2021

Darren Wood
By Darren Wood November 5, 2019 07:57

Safran selects new CEO to take charge in 2021

Safran has selected Olivier Andries as successor to Philippe Petitcolin in the position of chief executive officer with effect on January 1, 2021.

This change will take place after a transition period of one year starting on January 1, 2020.

Over the past 10 years, AndriesHe has acquired solid operational experience in the Group’s Defence and Security activities and propulsion activities since 2011.

Ross McInnes, Chairman of Safran’s Board of Directors, said: “Monique Cohen, our Lead Independent Director and Chair of our Appointments and Compensation Committee, and I were tasked by the Board to manage the selection process for Philippe Petitcolin’s successor.

“After screening and auditioning internal and external candidates, the Committee recommended to the Board that it select Olivier Andries to succeed Philippe Petitcolin. Philippe’s term of office having previously been extended to 31 December 2020, the conditions for smooth and orderly transition are therefore in place.”

Darren Wood
By Darren Wood November 5, 2019 07:57