SAFRAN : Bernard Delpit appointed Safran Chief Financial Officer
March 06, 2015 at 05:09 pm IST
Share
Paris, February 23, 2015
Bernard Delpit will join Safran as Chief Financial Officer, succeeding Ross McInnes, who is expected to be appointed Chairman of the Board.
A graduate of IEP Paris (1985) and ENA (1990), Bernard Delpit, 50, started his career in 1990 with the French national audit office. In 1994 he transferred to the budget department in the Ministry of Economy and Finance. From 2000 to 2007 he moved to a management role at PSA Peugeot Citroën. After spending three years in China as Deputy CEO of the joint venture between PSA and its Chinese partner Dong Feng, in 2004 he was named Financial Controller. He joined the office of the French President in 2007 as Economic Advisor, then moved to La Poste in 2009 as Deputy CEO and CFO. From 2011 until this latest appointment, he was Chief Financial Officer at Crédit Agricole.
Bernard Delpit's wealth of experience and outstanding financial expertise will be a key asset for Safran.
In line with the governance principle approved during its meeting on December 5, 2014, Safran's Board of Directors, meeting after the Annual General Meeting of Shareholders on April 23, 2015, is expected to name Ross McInnes as President of the Board, and Philippe Petitcolin as Chief Executive Officer.
Safran is a high technology international group, a leading equipment provider in the Aerospace and Defense markets. The group specializes in the design, manufacturing, and marketing of equipment and systems of high technology mechanical and electronic equipment. Net sales break down by product family as follows:
- aeronautic and space propulsion systems (51.2%): helicopter motors (No. 1 worldwide), civil and military airplanes motors, systems for space lancers and missiles, turboreactors for drone targets, etc.;
- aircraft equipment, defense systems and aerosystems (38%): airplane engine pods, landing gear, braking systems, electric wiring systems, etc. Safran also offers on board aircraft systems and equipment (primarily evacuation slides, emergency arresting systems, protective parachutes and oxygen systems, electrical power management systems, control systems, water and waste management systems and connectivity systems) and defense and security systems (helicopter flight controls, fingerprint-based biometric identification systems (No. 1 worldwide), inertial systems, optronic systems, tactical drone systems, etc.);
- aircraft interiors (10.7%): cabin interiors and seats;
- other (0.1%).
Net sales are distributed geographically as follows: France (19.4%), Europe (24%), the Americas (34.8%), Asia and Oceania (13.2%), Africa and the Middle East (8.6%).