APS Coatings specializes in the coating of aircraft parts. They form a link in the production chain, but recently also produced a process to repair worn parts.
After more than thirty years with the group, it will be with a sense of accomplishment that the CEO of Safran will hand over the reins on this coming 23rd April. During the presentation of their annual results on 25th February, Safran announced that last year it had registered an increased turnover of 7% compared to 2013.
The information was made official yesterday by way of press release. As written into the process of merging the two companies announced last October, Sogerma and Aerolia both 100% subsidiaries of Airbus Group, will become Stelia Aerospace from 1st January. Stelia Aerospace, which will have some 6,000 employees at eleven locations, will thus become the world's third biggest aerostructures and First and Business Class seat manufacturers.
Following a Board of Directors’ meeting held on Friday, 5th December, Safran SA said it would split the roles of CEO and chairman after the current Chairman and CEO Jean-Paul Herteman retires next year. Having reached the age limit (he will be 65 next year), his term will expire after the General Meeting scheduled for April 23rd 2015. The dual management roles of Safran will be taken over by Philippe Petitcolin as CEO, and Ross McInnes as Chairman of the Board of Directors.
In a press release of Monday 24th November, the American group United Technologies Corporation (UTC), based in Hartford, Connecticut; announced the departure of its Chairman and CEO Louis R. Chenevert (photo) with immediate effect. Although the Board thanked Mr. Chenevert for his 22 years of service to UTC, his leadership over the last six years and for his many contributions and important transformational initiatives during his tenure, no further explanation was offered of the reasons for this decision. He is replaced by the current CFO, 54-year-old Gregory J.Hayes, who has been at UTC for 25 years, and the Financial Officer over the last six years.
UTC is an industrial group organized around five sectors. Concerning that of aviation, UTC owns the helicopter manufacturer Sikorsky, the engine manufacturer Pratt & Whitney and the systems manufacturer Hamilton Sundstrand.
UTC who employs 212,000 employees achieved sales of $ 62.6 billion in 2013.
On 19th September, Liebherr-Aerospace inaugurated its new logistics centre in Toulouse ( south west France ). The building of more than 6,000 m2 is a response to the growth of the aerospace supplier who specializes in air systems. Between 2008 and 2013, their turnover more than doubled to $ 450 million euros.