CAE names Northrop Grumman executive Matthew Bromberg as new CEO
MONTREAL – Flight simulator company CAE Inc. has named Matthew Bromberg as its new president and chief executive.
Bromberg, who will join the company on June 16 and take over the top job on Aug. 13, has headed global operations for U.S. defence technology company Northrop Grumman Corp. since 2022. He will also stand for election to CAE's board of directors at the company's upcoming annual meeting.
Bromberg replaces Marc Parent, who announced last year that he was leaving the company in August this year.
CAE also says Calin Rovinescu will become executive chairman of the board, while Sophie Brochu will serve as lead independent director.
Rovinescu, a former chief executive of Air Canada, was appointed to the CAE board in February this year as an independent director and chair.
Brochu, a former chief executive of Hydro-Quebec, has been an independent director at CAE since 2023.
Monday Mornings
The latest local business news and a lookahead to the coming week.
This report by The Canadian Press was first published June 2, 2025.
Companies in this story: (TSX:CAE)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Cision Canada
3 hours ago
- Cision Canada
Lundin Mining Announces 2025 Capital Markets Day
VANCOUVER, BC, June 11, 2025 /CNW/ - (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") is pleased to announce the executive management team will be presenting an outlook for the Company on Wednesday, June 18, 2025, from 8:00 am to 12:00 pm ET at Lundin Mining's Capital Markets Day. Webcast / Conference Call Details: Date: Wednesday, June 18, 2025 Time: 8:00 AM ET | 1:00 PM BST Webcast: WEBCAST LINK or An archive of the webcast will be available at after the event. About Lundin Mining Lundin Mining is a diversified base metals mining company with operations or projects in Argentina, Brazil, Chile, and the United States of America, primarily producing copper, gold and nickel. SOURCE Lundin Mining Corporation
Globe and Mail
4 hours ago
- Globe and Mail
First Capital REIT Announces C$300 Million Offering of Series E Senior Unsecured Debentures
/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/ TORONTO, June 11, 2025 /CNW/ - First Capital Real Estate Investment Trust ("First Capital" or the "REIT") (TSX: announced today that it has agreed to issue C$300 million aggregate principal amount of Series E senior unsecured debentures (the "Debentures").
Cision Canada
4 hours ago
- Cision Canada
First Capital REIT Announces C$300 Million Offering of Series E Senior Unsecured Debentures
TORONTO, June 11, 2025 /CNW/ - First Capital Real Estate Investment Trust ("First Capital" or the "REIT") (TSX: announced today that it has agreed to issue C$300 million aggregate principal amount of Series E senior unsecured debentures (the "Debentures"). The Debentures are being offered on an agency basis by a syndicate of agents co-led by Desjardins Capital Markets, RBC Capital Markets and TD Securities. The Debentures, which will be issued at a price of $100.00 per $100.00 principal amount of Debentures, will bear interest at a rate of 4.832% per annum and will mature on June 13, 2033. Subject to customary closing conditions, the offering is expected to close on June 13, 2025. It is a condition of closing that the Debentures be rated at least "BBB" with a "Positive" rating outlook by DBRS. The offering is being made on a private placement basis in each of the provinces of Canada, and the Debentures will be issued pursuant to the REIT's trust indenture dated as of May 25, 2020, as supplemented. The Debentures will be direct unsecured obligations of the REIT and will rank equally and rateably with all other present and future unsecured and unsubordinated indebtedness of the REIT. The net proceeds of the offering will be used to repay existing debt, including the repayment in full of the REIT's $300 million of Series S Debentures due July 31, 2025, and for general business purposes. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. About First Capital REIT (TSX: First Capital owns, operates and develops grocery-anchored, open-air centres in neighbourhoods with the strongest demographics in Canada. Forward- looking Statement Advisory This press release contains forward-looking statements and information within the meaning of applicable securities laws, including statements about the REIT's issuance of the Debentures, the closing of the offering and the use of proceeds thereof. These forward-looking statements are not historical facts but, rather, reflect First Capital's current expectations and are subject to risks and uncertainties that could cause the outcome to differ materially from current expectations. Such risks and uncertainties include those discussed in First Capital's Management Discussion and Analysis for the year ended December 31, 2024 and for the quarter ended March 31, 2025, and in its current Annual Information Form. Readers, therefore, should not place undue reliance on any such forward-looking statements. First Capital undertakes no obligation to publicly update any such forward-looking statement or to reflect new information or the occurrence of future events or circumstances except as required by applicable securities laws. All forward-looking statements in this press release are made as of the date hereof and are qualified by these cautionary statements. SOURCE First Capital Real Estate Investment Trust
