CAE has appointed Matthew Bromberg as president and CEO, effective from mid August. In this role, Bromberg will lead the company's strategic growth and drive its continued evolution into the future. He will also be a nominee for election to CAE's board at its upcoming annual and special meeting of shareholders.

Calin Rovinescu will become executive chairman of the board and that Sophie Brochu will serve as lead independent director, reflecting CAE's commitment to strong, best-in-class governance.

The appointment of Bromberg has been approved by CAE's board of directors and will take effect as part of an orderly transition plan after the 2025 annual and special meeting of shareholders. This coincides with the previously announced departure of Marc Parent as CAE's president and CEO. Bromberg will join CAE effective 16 June, as incoming president and CEO, working closely with Parent throughout the transition.

“Matthew Bromberg is a proven leader with deep experience in both aerospace and defence, involving large-scale international operations. His appointment is the result of a rigorous global selection process, and along with the entire board, I am absolutely confident that CAE's future will be bright with Bromberg at the helm, working together with the exceptionally talented leadership team that is in place at CAE. It will be a pleasure to work alongside him as I take on the role of executive chairman.” says Rovinescu.

Bromberg adds: “These are exciting times for CAE, with strong secular growth tailwinds across all its markets. CAE is already a recognised global leader in training solutions for civil aviation and defence and security. With the support of its dedicated team, I look forward to building on that leadership, advancing innovation, operational excellence and creating long-term value for its stakeholders in Quebec, Canada and around the world. I am also excited to relocate to CAE's global headquarters in Montreal in the coming weeks and contribute to its vibrant business community.”

Rovinescu adds: “The board once again thanks Marc Parent for his 16 years of devoted service as president and CEO, during which time he led the transformation of CAE from primarily an industrial products company to the world leader in aviation training solutions. Marc has left a lasting impact on CAE and global aerospace, and has created a solid foundation for us to continue to build on.”

Parent states: “I couldn't be prouder to pass the torch of leadership to Matthew Bromberg. I have no doubt he will take CAE to new heights and inspire our team to extraordinary achievements. CAE is in good hands.”

Bromberg is a seasoned executive with a proven track record of driving operational excellence, transformation and growth in commercial and military aerospace markets for major global publicly traded companies. His strategic vision and deep industry expertise position him to lead CAE into its next phase of growth and innovation.

Since 2022, he has headed global operations for Northrop Grumman Corporation, located in Falls Church, Virginia, one of the world's largest aerospace and defence technology companies. During his tenure, he spearheaded substantial enterprise cost efficiencies by driving programme excellence, streamlining operations and leading a major supply chain transformation. From 2017 to 2022 he was president, military engines, for Arlington, Virginia-based RTX Corp. (formerly Raytheon Technologies Corp.), the world's largest aerospace and defence company. From 2013 to 2017 he was president, commercial aftermarket operations, for the aircraft engine company Pratt & Whitney, located in East Hartford, Connecticut.

The appointments of Rovinescu and Brochu will also take place after the 2025 annual and special meeting of shareholders, subject to their election to the board. Mr. Rovinescu was appointed to the board on February 14, 2025 as an independent director and chair. Brochu has been an independent director since 2023.

Rovinescu is a highly respected business leader and former president and CEO of Montreal-based Air Canada, the country's largest air carrier. As executive chairman, he will work closely with the president and chief executive officer in the development and execution of the company's strategic initiatives while also being responsible for the effective functioning of the board. Along with Bromberg, Rovinescu, who is bilingual in French and English, will have the opportunity and authority to represent CAE to investors, governments, commercial partners and the media. Rovinescu's extensive experience in corporate leadership and governance will be instrumental in helping to drive CAE's long-term vision and to enhance stakeholder value.

Brochu is an accomplished business leader and former president and CEO of Hydro-Québec, the largest producer of hydroelectric power in North America. She brings extensive expertise in strategic leadership and management, government relations, human resources, compensation and sustainability. Her appointment as lead independent director follows best-in-class practices, ensuring CAE retains its strong board governance. She will also preside over executive sessions of the independent directors, without the presence of management.