Philippe Schleicher named Chairman and CEO of SME, the new Safran group subsidiary

Paris, April 14, 2011

The Board of Directors of SME, meeting on April 5, have appointed Philippe Schleicher Chairman and Chief Executive Officer and named Hervé Austruy Chief Operating Officer. SME is a subsidiary of the Safran group.

Safran's acquisition of SME, formerly known as SNPE Matériaux Energétiques, was finalized on April 5, 2011.

Philippe Schleicher, 56, holds degrees from the HEC business school, Sciences Politiques in Paris and Panthéon-Sorbonne University. He started his career in 1980 as aircraft braking business manager with Messier-Bugatti, then was named CEO of the company in 1987. In 1994 he was appointed President of Nobelsport (Groupe SNPE), a manufacturer of hunting ammunition and propellants. From 2000 to 2004, with the support of various investment funds, he acquired companies specialized in the design and installation of automated production lines for the agrifoods business. Philippe Schleicher joined Safran in 2004 as CEO of its Belgian subsidiary, Techspace Aero, specialized in systems, equipment and test cells for aircraft and rocket engines. From the end of October 2010 until this latest appointment, on behalf of Safran he coordinated the planned merger of the solid propulsion businesses of Safran and SNPE.

Hervé Austruy, 61, holds a PhD in chemical engineering from the University of Chemistry in Toulouse, as well as business management degrees from IAE and HEC. He started his career as a materials engineer with SNPE in 1975. After holding various technical positions, in 1998 he was named Director of Research & Technology at the Le Bouchet Research Center (CRB). In 2001 he was named CEO of Celerg (which subsequently became Roxel), the subsidiary in charge of solid rocket motors for tactical missiles. In 2003 he was named Administrative and Commercial Director of G2P (a joint venture of Snecma Propulsion Solide and SNPE Matériaux Energétiques). He joined SNPE Matériaux Energétiques in 2005 as head of the Propulsion Business Unit, and was then named Chief Operating Officer of the company in 2007, joining SNPE's executive committee the following year.

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Safran is a leading international high-technology group with three core businesses: Aerospace (propulsion and equipment), Defence and Security. Operating worldwide, the Safran group has more than 54,000 employees and generated sales of 10.8 billion euros in 2010. Working alone or in partnership, Safran holds world or European leadership positions in its core markets. The Group invests heavily in Research & Development to meet the requirements of changing markets, including expenditures of 1.2 billion euros in 2010. Safran is listed on NYSE Euronext Paris and its share is part of the CAC Large 60 index.
For more information, www.safran-group.com

Press contact :
Catherine MALEK
Tél +33 (0)1 40 60 80 28
catherine.malek@safran.fr

Safran Group
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