Canada Markets open in 5 hrs 32 mins

Bombardier appoints new president of transportation division

Alain Bellemare, President and CEO of Bombardier Inc., speaks during a news conference in Pointe-Claire, Quebec, Canada, November 17, 2017. (REUTERS/Christinne Muschi)

Bombardier Inc. (BBD.TO) has appointed a new president of its transportation division, the most profitable segment of the company’s business.

The train and plane maker announced Thursday that Laurent Troger, an industry veteran who had been with the company since 2004, was stepping down as president of Bombardier Transportation to pursue opportunities outside the company. Danny Di Perna, who joined the company in 2018 and recently led the Aerostructures and Engineering Services division, would be replacing him effective immediately.

Danny is an exceptional and engaging leader with a proven record of leading complex industrial organizations,” Bombardier’s chief executive Alain Bellemare said in a statement. 

His demonstrated success driving operational efficiency, improving quality and delighting customers make him the right person to follow Laurent and accelerate Bombardier Transportation’s transformation.”

Bellemare also thanked Troger for his contributions to the company, crediting his leadership for the transportation division’s successes over his 15-year tenure.

“During this time, Transportation significantly grew its backlog, optimized its footprint and executed an aggressive production ramp-up,” Bellemare said. “As a result of Laurent’s leadership, Bombardier Transportation is stronger, more efficient company poised for solid growth.”

The transportation division has had some high-profile missteps, including long delivery delays of streetcars for the Toronto Transit Commission. Last week, Metrolinx president Phil Verstar said the company failed to deliver three of six rail cars due for delivery, and as a result will face financial penalties.

The leadership changes comes a day after the European Commission prohibited the blockbuster merger of two European rail giants, a move that Bombardier applauded.

Bombardier’s stock was up nearly 4.4 per cent on Thursday as of 12:10 p.m. ET.

Download the Yahoo Finance app, available for Apple and Android.