Posted on: 09 April 2015
Bombardier Commercial Aircraft has announced that Fred Cromer (pictured) will replace Mike Arcamone as president of the company with immediate effect, as Arcamone leaves to pursue other interests.
“Fred is an amazing addition to our team”, said Alain Bellemare, CEO of Bombardier Inc. “Throughout his impressive career, he has led businesses with enterprise values of $500 million to over $30 billion and developed an unparalleled network of contacts in the airline industry. Most recently, as president of International Lease Finance Corporation (ILFC), Fred expanded international operations to support key growth regions. His strong leadership skills, international network and deep understanding of the aviation industry are a perfect match for Bombardier Commercial Aircraft, as we are preparing to realise the true market potential of our new CSeries aircraft, while refocusing on our Q400 and CRJ programmes.”
During his career, Cromer has also held positions including CFO of ExpressJet, VP and CFO of Continental Express, VP fleet planning for Continental Airlines and director of fleet planning for Northwest Airlines.
In addition, Bombardier is welcoming Plane View Partners and its chairman, Henri Courpron, as strategic advisors. Courpron is a former CEO of ILFC who also served for 20 years at Airbus. His team’s mandate involves conducting an extensive review of Bombardier Commercial Aircraft’s operations, with the objective of improving its overall performance.
“Having Fred and Henri on board gives us a strategic edge like we’ve never had before. We are really paving the way to strengthen our existing commercial programmes and to make the CSeries aircraft a phenomenal success,” concluded Bellemare.