CAE announces CEO succession plan
CAE announced that CEO Marc Parent will leave the company at the August 2025 Annual General Meeting after 20 years of service, including 15 as President and CEO. Under his leadership, CAE's annual revenue nearly doubled to $4.3 billion from $2.2 billion, transforming from an industrial products company into the world leader in aviation training solutions. Parent will continue leading CAE and remain on the Board until his departure, ensuring an effective transition. The Board has initiated a comprehensive global search for his successor, considering both internal and external candidates.
CAE ha annunciato che il CEO Marc Parent lascerà l'azienda durante l'Assemblea Generale Annuale di agosto 2025, dopo 20 anni di servizio, di cui 15 come Presidente e CEO. Sotto la sua guida, il fatturato annuale di CAE è quasi raddoppiato, passando da 2,2 miliardi di dollari a 4,3 miliardi di dollari, trasformandosi da un'azienda di prodotti industriali a leader mondiale nelle soluzioni di formazione per l'aviazione. Parent continuerà a guidare CAE e rimarrà nel Consiglio fino alla sua partenza, garantendo una transizione efficace. Il Consiglio ha avviato una ricerca globale completa per il suo successore, considerando sia candidati interni che esterni.
CAE anunció que el CEO Marc Parent dejará la empresa en la reunión anual de accionistas de agosto de 2025, después de 20 años de servicio, incluyendo 15 como presidente y CEO. Bajo su liderazgo, los ingresos anuales de CAE casi se duplicaron, pasando de 2.2 mil millones de dólares a 4.3 mil millones de dólares, transformándose de una empresa de productos industriales en el líder mundial en soluciones de formación en aviación. Parent continuará liderando CAE y permanecerá en la junta hasta su partida, asegurando una transición efectiva. La junta ha iniciado una búsqueda global integral para su sucesor, considerando tanto candidatos internos como externos.
CAE는 CEO인 Marc Parent가 20년의 서비스 후, 15년 동안의 대통령 및 CEO직을 포함하여, 2025년 8월 연례 총회에서 회사를 떠날 것이라고 발표했습니다. 그의 리더십 아래, CAE의 연간 수익은 22억 달러에서 43억 달러로 거의 두 배가 되었으며, 산업 제품 회사에서 항공 교육 솔루션 분야의 세계적인 리더로 변모하게 되었습니다. Parent는 CAE를 계속 이끌며 그의 퇴임까지 이사회에 남아 효과적인 전환을 보장할 것입니다. 이사회는 내부 및 외부 후보를 고려하여 그의 후임자를 위한 포괄적인 글로벌 검색을 시작했습니다.
CAE a annoncé que le PDG Marc Parent quittera l'entreprise lors de l'assemblée générale annuelle d'août 2025, après 20 ans de service, dont 15 en tant que président et PDG. Sous sa direction, le chiffre d'affaires annuel de CAE a presque doublé, passant de 2,2 milliards de dollars à 4,3 milliards de dollars, se transformant d'une entreprise de produits industriels en leader mondial des solutions de formation aéronautique. Parent continuera à diriger CAE et restera au conseil d'administration jusqu'à son départ, garantissant une transition efficace. Le conseil a lancé une recherche mondiale complète pour son successeur, en tenant compte des candidats internes et externes.
CAE gab bekannt, dass CEO Marc Parent das Unternehmen bei der Hauptversammlung im August 2025 nach 20 Jahren im Dienst, darunter 15 Jahre als Präsident und CEO, verlassen wird. Unter seiner Leitung verdoppelte sich der Jahresumsatz von CAE fast, von 2,2 Milliarden Dollar auf 4,3 Milliarden Dollar, und verwandelte sich von einem Industrieprodukteunternehmen in den Weltmarktführer für Flugschulungslösungen. Parent wird CAE weiterhin leiten und bis zu seinem Ausscheiden im Vorstand bleiben, um einen effektiven Übergang sicherzustellen. Der Vorstand hat eine umfassende globale Suche nach seinem Nachfolger eingeleitet und sowohl interne als auch externe Kandidaten in Betracht gezogen.
- Revenue nearly doubled to $4.3B from $2.2B under Parent's leadership
- Successful transformation to training solutions with over 2/3 of revenue from recurring services
- Strong order backlog indicating future growth potential
- None.
Insights
The planned CEO transition at CAE warrants attention given Marc Parent's significant impact on the company's transformation and growth. Under his leadership, annual revenue has nearly doubled to
The planned August 2025 departure provides adequate time for a smooth transition, reducing operational risks. The company's strong order backlog and established market position in both civil and defense sectors suggest continuity in business momentum. However, investors should monitor the succession process closely, as the choice of the next CEO will be important for maintaining strategic direction and growth trajectory.
"Under Marc's leadership, CAE has become a global leader in training for civil aviation and defence and security forces, through which we have furthered our mission to make the world a safer place" said Alan N. MacGibbon, Chair of the Board of Directors." During his tenure, CAE's annual revenue has nearly doubled to
"Marc's lasting impact on CAE and global aerospace is unanimously recognized by the Board," said Mr. MacGibbon. "As we continue our succession process for the next CEO of CAE, we are fortunate to benefit from the considerable leadership depth he has built across the organization, placing us in an excellent position for sustainable growth."
Added Mr. Parent, "It has been the privilege of a lifetime to lead this company over the last 15 years. Having been engaged in succession planning discussions for some time, the Board and I are fully aligned on the process and transition to CAE's next CEO. Over the decades, I have been able to work together with an extraordinary team, reshaping the aerospace industry by creating something truly unique, and prepared thousands of people in critical roles for the moments that matter. I am proud of the numerous awards and overall recognition that CAE has received, of the solid relationships we developed, and I am grateful for everyone who contributed to making our company what it is today."
"CAE's innovative technology and outstanding people now set the standard for training and safety worldwide. When I conclude this unique journey next year, it will be with the knowledge that given our unparalleled training and software solutions, the strong secular growth trends in Civil and Defence, and our robust order backlog, the future is bright for CAE."
Consistent with its ongoing and rigorous succession planning process, the Board of Directors has retained a leading executive search firm to conduct a comprehensive global search, which will include evaluating internal and external candidates, to identify a new CEO to lead the Company into the future. The Human Resources Committee of the Board will oversee the search process with support and assistance from Mr. Parent.
For more information about CAE's CEO, Marc Parent, please visit: https://www.cae.com/about-cae/management-team/marc-parent
About CAE
At CAE, we equip people in critical roles with the expertise and solutions to create a safer world. As a technology company, we digitalize the physical world, deploying software-based simulation training and critical operations support solutions. Above all else, we empower pilots, cabin crew, maintenance technicians, airlines, business aviation operators, and defence and security forces to perform at their best every day and when the stakes are the highest. Around the globe, we're everywhere customers need us to be with approximately 13,000 employees in more than 240 sites and training locations in over 40 countries. CAE represents more than 75 years of industry firsts—the highest-fidelity flight and mission simulators as well as training programs powered by digital technologies. We embed sustainability in everything we do. Today and tomorrow, we'll make sure our customers are ready for the moments that matter.
Read our FY24 Global Annual Activity and Sustainability Report.
CAE Contacts:
General Media:
Samantha Golinski, Vice President, Public Affairs & Global Communications
+1-438-805-5856, samantha.golinski@cae.com
Investor Relations:
Andrew Arnovitz, Senior Vice President, Investor Relations and Enterprise Risk Management, +1-514-734-5760, andrew.arnovitz@cae.com
View original content:https://www.prnewswire.com/news-releases/cae-announces-ceo-succession-plan-302303340.html
SOURCE CAE Inc.
FAQ
When is CAE CEO Marc Parent stepping down?
How much did CAE's revenue grow under Marc Parent's leadership?
What is CAE's succession plan for the CEO position?
How long has Marc Parent been with CAE?
