CAE Appoints Calin Rovinescu as New Chairman
People | Feb 13, 2025 | CDPQ
CDPQ, a major institutional investor in CAE with a 9.7% stake, has welcomed the appointment of Calin Rovinescu as the new Chairman of CAE's Board of Directors, among other new members. This change reflects CAE's commitment to renewing its corporate governance under the influence of CDPQ and its network. Kim Thomassin, EVP at CDPQ, emphasized the dual mandate to achieve optimal returns while supporting Quebec-based champions like CAE. The new appointments will be effective from February 14, 2025.
Sectors
- Aerospace
- Investment Management
Geography
- Canada – CAE, a Canadian company, and CDPQ, a major Quebec-based institutional investor, highlight the geographical focus on Canada's economic and business dynamics.
- Quebec – The involvement of CDPQ and its emphasis on supporting Quebec's economic leaders underscores the provincial focus in the governance changes at CAE.
Industry
- Aerospace – CAE operates within the aerospace industry, and its board changes reflect a strategic shift likely impacting its operations and governance in this sector.
- Investment Management – CDPQ, as a significant institutional investor in CAE, is involved in strategic decisions such as changes in board composition, impacting their investment management activities.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CAE | Target Company | Company | CAE is a global leader in the aerospace industry undergoing governance renewal. |
| CDPQ | Institutional Investor | Company | Caisse de dépôt et placement du Québec (CDPQ) is a major institutional investor in CAE, holding a 9.7% stake and influencing board changes. |
| Calin Rovinescu | Chairman of the Board | Person | Newly appointed Chairman of CAE, adding significant industry experience and leadership to the company. |
| Kim Thomassin | Executive Vice-President and Head of Quebec | Person | Represents CDPQ's interests and strategic involvement in CAE's board changes. |
| Louis Tetu | Board Member | Person | Designated by CDPQ as a director, contributing to CAE's governance. |
| Katherine A. Lehman | Board Member | Person | Appointed as a new board member at CAE. |
| Peter Lee | Board Member | Person | Appointed as a new board member at CAE. |