CAE Inc. has announced that Sonya Branco, Executive Vice President, Finance, and Chief Financial Officer (CFO), will step down from her position at the end of August to pursue interests outside the company. Branco has been a pivotal figure at CAE since 2008, serving as CFO since 2016. During her tenure, she played a crucial role in transforming CAE into the world's largest civil aviation training provider, overseeing significant expansions and over 20 acquisitions.
Marc Parent, CM, President and CEO of CAE, expressed his gratitude: “On behalf of myself, CAE’s Board of Directors, and the entire executive management team, I wish to express my sincere appreciation to Sonya for her numerous contributions to CAE’s success over the last 17 years. We wish Sonya the very best in her future endeavors.”
As part of CAE’s succession plan, Constantino Malatesta, Chief Accounting Officer and Vice President, Controller Office, will assume the role of interim CFO. Malatesta has been with CAE since 2006 and has held various senior finance positions, providing him with extensive knowledge of CAE’s business.
Parent added, “Constantino has worked closely with Sonya for many years, and he has a deep knowledge of CAE’s business and an extensive background in finance that will provide continuity and stability at CAE. I have full confidence in Constantino’s ability to oversee the Company’s financial operations and strategy as we move forward with our selection process for the permanent CFO role, for which we will consider both internal and external candidates.”
Read the full story on our blog to learn more about this leadership transition and CAE’s ongoing commitment to excellence in financial management and corporate growth.
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1wCongratulations Adam Cohn!