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Fri, Jan 21, 2005

Big Changes At Bombardier

Corporate Office Staff Reduction And Organizational Changes

Bombardier announced Friday a reorganization of its corporate office and the decentralization of certain functional responsibilities to Bombardier Aerospace and Bombardier Transportation. The reorganization follows the previously announced creation of the Office of the President that regroups strategic and executive management responsibilities around the Chairman and Chief Executive Officer and the Presidents of the Corporation’s two main operating groups. A total of 60 corporate office positions will be eliminated.

Bombardier also announced that  Michael Denham, Senior Vice President, Strategy, is leaving the corporation effective immediately.  Richard Bradeen is appointed Senior Vice President, Strategy and CASRA (Corporate Audit Services and Risk Assessment) and will assume the corporate strategy function in addition to his present responsibilities.

"Announcing layoffs is always difficult, but the restructuring of our corporate office allows certain functions to reside in the operating groups and be managed by the respective Presidents,  André Navarri at Bombardier Transportation and  Pierre Beaudoin at Bombardier Aerospace,’’ said  Laurent Beaudoin, Chairman of the Board and Chief Executive Officer, Bombardier Inc. "I wish to sincerely thank those employees leaving us for their years of devoted service to Bombardier.’’

"I also wish to thank Michael for his loyal service to Bombardier," added  Beaudoin. "His contribution in many critical files over the past four years has been significant. On behalf of the Board of Directors and all Bombardier employees, I wish him well in his new endeavors.’’

"Richard Bradeen has been a solid leader at Bombardier for seven years now. With his background in corporate strategy, he is well positioned to support me and the Office of the President as we focus on the development of the Corporation’s overall strategy,’’ said  Beaudoin.

The Corporation also announced the appointment of  John Paul Macdonald as Senior Vice President, Public Affairs, effective immediately.  Macdonald assumes his duties in addition to his current communications and government affairs responsibilities at Bombardier Aerospace.

"John Paul is an experienced communicator who has proven himself since he joined Bombardier Aerospace three years ago. I am very pleased to have him join my management team,’’ Beaudoin said.



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