The Carlyle Group Names Former Bombardier Inc. President and CEO Alain Bellemare as an Operating Executive for Global Aerospace, Defense & Government Services . The Carlyle Group employs more than 1,800 people in 31 offices across six continents. It is mandatory to procure user consent prior to running these cookies on your website.This website uses cookies to improve your experience while you navigate through the website. Further information is available at Want to share your company news with your industry?Want a customised news service? Prior to joining Bombardier,Mr. We believe Alain’s extensive leadership experience in the Aerospace industry will be instrumental in supporting our team to build and grow great companies and find compelling investment opportunities.”Bellemare said, “I am excited to partner with this best-in-class team. Bellemare will also continue to devote time to various mandates outside the firm,” said Carlyle, headquartered in Washington.Bombardier showed Alain Bellemare the door in March after an eventful five-year tenure marked by countless layoffs and asset sales. Aerospace, Defense & Government Services. Bellemare was President and Chief Executive Officer of UTC Propulsion & Aerospace Systems from July 2012 to January 2015. Mr. Bellemare is a member of the Faculty Advisory Board of McGill University’s Desautels Faculty of Management. He also served on the Board of the Smithsonian National Air and Space Museum.The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across four business segments: Corporate Private Equity, Real Assets, Global Credit and Investment Solutions. While uncertainty hangs over one of his last transactions at Bombardier, Alain Bellemare has just found a new job.

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But opting out of some of these cookies may have an effect on your browsing experience.that Alain Bellemare, former President and CEO of Bombardier Inc, has been named an Operating Executive consultant in the Global Aerospace, Defense & Government Services Group. Release Date. will play an active role in identifying new investment and partnership opportunities while helping to build, grow and transform portfolio companies across Carlyle’s global platform. You also have the option to opt-out of these cookies. Want to track clients, competitors or prospects?The Carlyle Group Enters into Definitive Agreement to Sell Meisui Bijin Factory to Shinmei Holdings Co., Ltd. It is the leading industry news source for major companies across a number of industry verticals.Necessary cookies are absolutely essential for the website to function properly. These cookies do not store any personal information.Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. This category only includes cookies that ensures basic functionalities and security features of the website.

The ex-CEO left the company with a starting “deal” that could be worth up to $ 17.4 million.Carlyle is the owner of StandardAero, an aircraft maintenance company with origins in Winnipeg, and an aircraft rental company that counts Air Canada, Transat and WestJet among its customers.We have also just learned that conditions have still not been met for Bombardier to be able to conclude the sale of its factories in Northern Ireland and Morocco to the American Spirit AeroSystems, which should earn it approximately $ 665 million.If this is not done by Oct. 31, the transaction will be “terminated,” as provided for in an agreement signed last fall, Spirit CEO Tom Gentile noted on Tuesday.These conditions include the “absence of significant adverse changes” in plant operations. Industry. PR Code. Bellemare will also continue to devote time to various roles outside of the firm.Adam Palmer, Managing Director and Global Head of Aerospace, Defense and Government Services and Co-Head of Growth Equity for The Carlyle Group, said, “We’re increasingly focused on providing portfolio companies with direct access to a range of resources across Carlyle including our global network and significant in-house and external intellectual capital. However, the pandemic and the loss of an Airbus contract have greatly clouded the prospects for these facilities. Company News HQ is a global business news portal. I look forward to leveraging my experience and relationships to support the team in driving long-term value creation.” Bellemare was President and Chief Executive Officer, Bombardier Inc. from 2015 to 2020, leading the company through an extensive, multi-year transformation. These cookies will be stored in your browser only with your consent. Bellemare joins a broad and diverse group of nearly 50 Operating Executives, Senior Advisors and Operating Advisors who help Carlyle invest wisely, create value and have a meaningful impact on companies across all industries.Mr. We also use third-party cookies that help us analyze and understand how you use this website. • Read also: Lower revenues and higher loss for Bombardier The 58-year-old Mr. Bellemare was appointed yesterday as an “operating executive” at the Carlyle Group, one of the world‘s largest investment firms. Agathe.Msosa.c… Wed, 08/05/2020 - 07:34.

His responsibilities also included some of the largest programs in UTC’s history, among them the integrated aerospace systems for the Boeing 787, Pratt & Whitney’s Geared Turbofan Engine and the F135 engine for the Joint Strike Fighter.Alain Bellemare began his career with UTC at Pratt & Whitney Canada in 1996 as Vice President of Manufacturing. With $221 billion of assets under management as of June 30, 2020, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website.

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He held leadership roles of increasing responsibility at UTC including President of Pratt & Whitney Canada (2002), President of Hamilton Sundstrand (2009), and Chief Operating Officer of UTC Propulsion & Aerospace Systems (2011). In this consulting role, he will help Carlyle find new investment and partnership opportunities in the aerospace, defense and government services sectors, the company said.“I am excited to join this team which is among the best of all,” said Alain Bellemare in a statement from Carlyle.“I look forward to building on my experience and connections,” he added.“Mr.