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Réal Bélanger continues with the Corporation as Executive Vice-President, Business Development and Special Projects
LONGUEUIL, QC, Sept. 5, 2013 /CNW Telbec/ - Héroux-Devtek Inc. (TSX: HRX), ("Héroux-Devtek" or the "Corporation," http://www.herouxdevtek.com), a leading Canadian manufacturer of aerospace products, is pleased to announce the appointment of Mr. Stéphane Arsenault as Chief Financial Officer of Héroux-Devtek. Mr. Arsenault assumes these new duties effective today and will report to Mr. Gilles Labbé, President and Chief Executive Officer of Héroux-Devtek. He succeeds Mr. Réal Bélanger, who will continue to turn his experience of more than 20 years with the Corporation to good account as Executive Vice-President, Business Development and Special Projects.
Mr. Arsenault has been with Héroux-Devtek since 1997. Over the last 16 years, he has held positions of increasing responsibility as Assistant Controller and Controller of the Longueuil plant, Finance Manager and Vice-President, Finance and Administration, Landing Gear Product Line and, for the last three years, Vice-President, Control and Information Technology of the Corporation, reporting to Mr. Bélanger. Mr. Arsenault obtained his bachelor's degree in business administration from HEC Montréal in 1993. He is currently a CPA and CA, having become a chartered accountant in 1995. After completing his studies, Mr. Arsenault worked for an international public accounting firm as senior auditor.
"Stéphane's appointment ensures stability and continuity in our operations and in the actions taken, following the recent sale of the Corporation's Aerostructure and Industrial Products operations. We will also benefit from the experience of Réal who, until today, was Executive Vice-President and Chief Financial Officer, in ensuring an optimal transition. In his new role, Réal will second me in matters including strategic acquisitions, aimed primarily at increasing our presence and market share in the landing gear sector, and will provide leadership of special projects. We have a first-class team and these recent appointments attest to the Corporation's extensive capacity for development of human resources within its ranks and to the attention we give to succession planning," said Mr. Gilles Labbé, President and Chief Executive Officer of Héroux-Devtek.
PROFILE
Héroux-Devtek Inc. (TSX: HRX) is a Canadian company specializing in the
design, development, manufacture and repair and overhaul of landing
gear systems and components for the Aerospace market. The Corporation
is the third largest landing gear company worldwide, supplying both the
commercial and military sectors of the Aerospace market with new
landing gear systems and components, as well as aftermarket products
and services. The Corporation also manufactures electronic enclosures,
heat exchangers and cabinets for airborne radar, electro-optic systems
and aircraft controls through its Magtron operations. Approximately
70% of the Corporation's sales are outside Canada, mainly in the United
States. The Corporation's head office is located in Longueuil, Québec
with facilities in the Greater Montreal area (Longueuil, Laval and
St-Hubert); Kitchener and Toronto, Ontario; as well as Springfield and
Cleveland, Ohio.
FORWARD-LOOKING STATEMENTS
Except for historical information provided herein, this press release
may contain information and statements of a forward-looking nature
concerning the future performance of the Corporation. These statements
are based on suppositions and uncertainties as well as on management's
best possible evaluation of future events. Such factors may include,
without excluding other considerations, fluctuations in quarterly
results, evolution in customer demand for the Corporation's products
and services, the impact of price pressures exerted by competitors, and
general market trends or economic changes. As a result, readers are
advised that actual results may differ from expected results.
SOURCE Héroux-Devtek Inc.
For photographs or further information, please contact:
Héroux-Devtek Inc.
Gilles Labbé
President and Chief Executive Officer
Tel. 450-679-3330
MaisonBrison
Martin Goulet, CFA
Tel. 514-731-0000