Bombardier Announces Changes to its Board of Directors

Rhea-AI Summary

Bombardier (BDRBF) has announced the appointment of Bettina Fetzer to its Board of Directors, effective January 1, 2025. Fetzer currently serves as Vice President Digital & Communications at Mercedes‐Benz AG. She joined Mercedes-Benz in 2004 and became the company's first female Chief Marketing Officer and youngest Vice President in 2018. Fetzer holds a Diploma in European Business Studies and a Master's in Business Management, and currently serves on the Board of Directors of Moncler SpA.

Positive

• Appointment of experienced executive with digital and communications expertise
• Addition of board member with significant luxury automotive industry background
• Strengthening of board diversity with female leadership representation

Negative

• None.

News Market Reaction

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-0.98% News Effect

On the day this news was published, BDRBF declined 0.98%, reflecting a mild negative market reaction.

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MONTRÉAL, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Bombardier is pleased to announce the appointment of Ms. Bettina Fetzer to its Board of Directors, effective January 1, 2025.

Bettina Fetzer is Vice President Digital & Communications at Mercedes‐Benz AG. She joined the company in 2004, and after working in various positions within Daimler AG and its subsidiaries, she became Head of Global Communications Mercedes‐Benz in 2015. Thereafter she was appointed youngest Vice President at Mercedes‐Benz in 2018 and became the first female Chief Marketing Officer of the company. Ms. Fetzer has served as a Director of Laureus World Sports Awards Ltd. and as member of the Board of Advisors of Mercedes‐Benz Museum. Ms. Fetzer holds a Diploma in European Business Studies from Hochschule Landshut, Germany and a Master’s in Business Management from the Lord Ashcroft International Business School, Cambridge, U.K. She is a member of the Board of Directors of Moncler SpA.

“Bombardier has undergone a significant and meaningful transformation over the past years. I am thrilled to join the company’s Board of Directors at such an exciting, and forward-looking time,” said Bettina Fetzer. “The Bombardier name is growing among the top brands of the world, and its products and services are second to none in the industry. I look forward to collaborating with my fellow Board peers to further write the next chapter in the company’s iconic legacy of pioneering innovation.”

Bombardier also announced that Mr. Ji-Xun Foo and Mr. Eric Sprunk have transitioned out of the company’s Board of Directors for personal reasons. They had served on the Board since 2022 and 2021, respectively.

“As Messrs. Foo and Sprunk depart from the Board after years of valued participation, I would like to extend my best wishes and personally thank them for the insights and wisdom they brought to Bombardier during their tenure. They greatly contributed to shaping the company we are today,” said Pierre Beaudoin, Chairman of the Board, Bombardier. “We look forward to welcoming Ms. Fetzer to our Board in the New Year. I am convinced her invaluable experience, passion and counsel will continue to propel Bombardier forward.”

About Bombardier

At Bombardier (BBD-B.TO), we design, build, modify and maintain the world’s best-performing aircraft for the world’s most discerning people and businesses, governments and militaries. That means not simply exceeding standards, but understanding customers well enough to anticipate their unspoken needs.

For them, we are committed to pioneering the future of aviation—innovating to make flying more reliable, efficient and sustainable. And we are passionate about delivering unrivaled craftsmanship and care, giving our customers greater confidence and the elevated experience they deserve and expect. Because people who shape the world will always need the most productive and responsible ways to move through it.

Bombardier customers operate a fleet of approximately 5,000 aircraft, supported by a vast network of Bombardier team members worldwide and 10 service facilities across six countries. Bombardier’s performance-leading jets are proudly manufactured in aerostructure, assembly and completion facilities in Canada, the United States and Mexico. In 2024, Bombardier was honoured with the prestigious “Red Dot: Best of the Best” award for Brands and Communication Design.

For Information

For corporate news and information, including Bombardier’s Environmental, Social and Governance report, as well as the company’s plans to cover all its flight operations with a Sustainable Aviation Fuel (SAF) blend utilizing the Book and Claim system visit bombardier.com.

Learn more about Bombardier’s industry-leading products and customer service network at bombardier.com. Follow us on X @Bombardier.

Media Contacts
General media contact webform

Francis Richer de La Flèche   Vice President, Financial Planning and Investor Relations  Bombardier  +1 514 240-9649	Mark Masluch  Senior Director, Communications  Bombardier  +1 514 855-7167

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2c82bea8-aa58-43fc-8019-f8314681114d

FAQ

When will Bettina Fetzer join Bombardier's (BDRBF) Board of Directors?

Bettina Fetzer will join Bombardier's Board of Directors effective January 1, 2025.

What is Bettina Fetzer's current role before joining BDRBF's board?

Bettina Fetzer currently serves as Vice President Digital & Communications at Mercedes‐Benz AG.

What significant achievements did Fetzer accomplish at Mercedes-Benz before joining BDRBF?

Fetzer became the youngest Vice President at Mercedes-Benz in 2018 and was appointed as the company's first female Chief Marketing Officer.

What other board positions does Bettina Fetzer hold besides the new BDRBF appointment?

Bettina Fetzer serves on the Board of Directors of Moncler SpA and has previously served as a Director of Laureus World Sports Awards and on the Board of Advisors of Mercedes-Benz Museum.