SONACA Montreal Inc. announces the departure of the CEO and the appointment of his successor
MIRABEL, QC, May 22, 2019
Paul Costanzo is appointed Chief Executive Officer of SONACA Montreal as of July 1st, 2019
MIRABEL, QC, May 22, 2019 /CNW Telbec/ – SONACA Montreal announced today the appointment of Paul Costanzo as Chief Executive Officer. He will take office on July 1st, 2019. Previously serving as Chief Financial Officer of SONACA’s Montreal facility, he will succeed Sylvain Bédard who is retiring after a very successful career. Mr. Costanzo will report directly to Bernard Delvaux, Chief Executive Officer for the SONACA Group in Belgium.
Paul Costanzo joined SONACA Montreal in 2014. Accountant by training (Concordia University), he has gained extensive experience in general and financial management in the aerospace field, notably at Bell Helicopter. “I am certain he will put all his experience and energy to serve the best interest of SONACA Montreal. On behalf of the Board of Directors, we wish him our best congratulations and success in his new role”, said Mr. Delvaux.
Sylvain Bédard retires after a long and successful career in the aerospace industry. He has been instrumental in transforming SONACA Montreal’s product portfolio and improving the efficiency of its operations.
“His leadership and vision have helped position SONACA Montreal as a world leader in both the commercial and business aircraft markets”, indicated Mr. Delvaux. “The Board of Directors sincerely thanked Sylvain Bédard for the work accomplished during his term of office and his significant contribution to the development of the company while wishing him a long and happy retirement”, he added.
In order to ensure a smooth and successful transition, Sylvain Bédard will act as special advisor to the CEO until September 27, 2019.
About SONACA Montreal
SONACA Montreal is a subsidiary of the Belgian group SONACA S.A. The company manufactures large aerospace aluminum structures for the aviation industry. Its core business involves the machining, surface treatment and assembly of wing panels for regional and business jets. SONACA Montreal is located in Mirabel, Quebec, where it employs close to 300 people. For more information on SONACA Montreal, visit www.sonacamontreal.com.
About SONACA Group
SONACA Group is a global Belgian company active in the development, manufacturing and assembly of advanced structures for civil, military and space markets. The group is especially known for its capability to design and produce advanced structures such as wing movables and complex fuselages. SONACA is considered the world leader in this segment, with a 50% market share. It has production facilities in Europe, China, and South America, employing some 2,500 people, including 350 engineers. SONACA Group also supplies engineering services, large sheet metal elements, wing panels, composite structures and machined components.
SOURCE SONACA Montreal