Denis Vercherin named Senior Vice President of Snecma

Paris, March 19, 2009

Snecma and Snecma Services, both companies in the SAFRAN Group, merged their businesses on February 1, 2009 to adapt to changes in the aviation market and meet customer expectations.

Within the scope of this merger, Philippe Petitcolin has been confirmed as Chairman and CEO of the expanded Snecma, and Denis Vercherin, previously Chairman and CEO of Snecma Services, has been named Senior Vice President of Snecma.

Denis Vercherin, 55, is a graduate of the Ecole Centrale de Paris engineering school. He started his career at Snecma in 1976, taking part in the development of the CFM56-2. In 1982, he was seconded to General Electric in the United States as a representative of the engineering division, then moved to the CFM56 program with CFM International. Returning to Snecma's Villaroche plant in 1986 he was placed in charge of the GE36 nacelle, and then named design manager for the CFM56-5B program in 1989. In 1991, he was named chief engineer for the CFM56-5B, then head of the control systems and equipment division in 1996. In January 1998, he was named head of the Satellite Propulsion and Equipment unit with Snecma's rocket engine division. He was named director of CFM56 programs in March 2000, as well as Executive Vice President of CFM International. From 2007 until this latest appointment, Denis Vercherin was Chairman and CEO of Snecma Services.

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SAFRAN is an international high-technology group with leadership positions in its core businesses of aerospace propulsion, aircraft equipment, and defense security. The SAFRAN Group employs about 54,000 people in over 30 countries and generates revenue of more than €10 billion. It comprises many companies with prestigious brand names and holds, alone or in partnership, global or European leadership positions in its markets. SAFRAN is listed on NYSE Euronext Paris and its share is included in the SBF 120 and Euronext 100 indices.

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