Alain Bellemare, a CEO Unable To Save Bombardier...
share was worth $ 2.63. Yesterday, the security was trading around $ 1.20 a piece
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January 21, 2020 - by Michel Girard for journaldemontreal.com
It is on February 13, 2020, exactly five years, to the day, after his arrival at the head of Bombardier's senior management, that Alain Bellemare will release the financial results for fiscal 2019, which, he announced will unfortunately be below expectations.
During his five-year reign, it is clear that Mr. Bellemare did not prove to be the "savior" that was expected when he replaced Pierre Beaudoin as president and chief executive officer of the controlled multinational by the Beaudoin-Bombardiers.
When Alain Bellemare was appointed on February 13, 2015, Bombardier's share was worth $ 2.63. Yesterday, the security was trading around $ 1.20 a piece, less than half of its value five years ago.
Bombardier's stock market value is currently less than $ 3 billion. Eh yes ! it is less than the $ 3.3 billion that we collectively invested in 2015 during the survival operation of the multinational Beaudoin-Bombardier...
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