Marc Parent, chief executive officer of CAE, is to leave the company after a 20-year tenure, during which he served as both president and CEO.
"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 MacGibbon, chair of the board of directors.
He added; “During his tenure, CAE's annual revenue has nearly doubled to $4.3 billion from $2.2 billion. This was driven in large part by the transformation he led from being primarily an industrial products company to becoming the world leader in aviation training solutions, with over two-thirds of annual revenue coming from recurring services.”
Parent will continue to lead CAE in his role as chief executive officer and as a member of the board of directors, officially leaving the company next year at its annual general meeting in August 2025.