Canada's aviation firm CAE taps Northrop Grumman's Matthew Bromberg as CEO
June 2 (Reuters) - Canadian aviation and defense technology company CAE CAE.TO, said on Monday it tapped Northrop Grumman's NOC.N Matthew Bromberg as its new chief executive officer.
Bromberg, set to join on August 13, will be succeeding Marc Parent, who has been at the helm since 2009 and had announced his departure in November last year.
Bromberg has been working as the head of global operations for Northrop Grumman since 2022 and has also worked for RTX Corp RTX.N, leading its military engine business.
The appointment follows activist investor Browning West in December pushing to have a say in hiring CAE's new top boss, after building a 4.3% stake in the company.
CAE also announced that former Air Canada CEO Calin Rovinescu will become executive chairman of the board, while the past CEO of Hydro-Quebec Sophie Brochu will serve as lead independent director.
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