New Chairmen and CEOs appointed at Snecma, Turbomeca and Sagem

Paris, June 17, 2011

The Boards of Directors of Snecma, Turbomeca and Sagem, all Safran group companies, have named new Chairmen and CEOs, respectively: Pierre Fabre at Snecma, Olivier Andriès at Turbomeca, and Philippe Petitcolin at Sagem. These appointments took effect on June 1, 2011.

Olivier Andriès replaces Pierre Fabre at the head of Turbomeca, while Pierre Fabre takes over as Chairman and CEO of Snecma, replacing Philippe Petitcolin, who moves to the same position at Sagem. Philippe Petitcolin was also named President in charge of the Defence and Security businesses in the Safran group.

Olivier Andriès, 48, graduated from Ecole Polytechnique (1981) and Ecole des Mines de Paris (1984). After holding several positions in the French Ministry of Industry and the Treasury, he joined the cabinet of the Minister of Finance in 1993 as advisor on industrial affairs. In 1995 he joined the Lagardère group as Deputy Director of Strategy, in charge of various merger and acquisition projects. Olivier Andriès was named personal advisor to Jean-Luc Lagardère in 1998. He joined Airbus in 2000 as Senior Vice President, Product & Services Policy. In 2005 he was named Executive Vice President, Strategy and Cooperation, then Head of Strategy at EADS in July 2007. He joined the Safran group in March 2008, as Executive Vice President, Strategy and Development, then was named Executive Vice President, Defence – Security branch in September 2009.

Pierre Fabre, 57, graduated from the Sup'Aéro aeronautical engineering school in 1975. He started his career in 1976 with the engineering division of Snecma, where he held several management positions, in particular for CFM56 control systems, as CFM56 project manager and head of the control division. He was named director of CFM56 programs in 1996, then moved to Messier-Bugatti in 2000 as head of the braking division. In 2001 he was named president of CFM International, the joint subsidiary of General Electric and Snecma. He returned to France in 2005, being named Chief Operating Officer of Turbomeca. In 2008 he was named Chairman and CEO of Turbomeca.

Philippe Petitcolin, 58, holds a master's degree in mathematics, as well as a degree in business administration. He started his career in 1978 as export manager for the company Europrim. In 1980, he was named head of the export zone for Filotex, an Alcatel-Alstom subsidiary. Two years later he was named aviation sales and marketing director for Chester Cable in the United States. He returned to Filotex in 1984 as export director. In 1988, he joined Labinal as deputy sales & marketing director, then was named director of sales & marketing for the aeronautical systems division. In 1995, he was named managing director of this division. From 1999 to 2001, Philippe Petitcolin was managing director of Labinal's Filtrauto division, while also being named managing director of the friction materials business following the company's acquisition by Valeo. In May 2001, he was named CEO of Labinal, and became Chairman and CEO of the company in November 2004. He moved to Snecma is 2006 as Chairman and CEO.

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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

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Catherine Malek
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catherine.malek@safran.fr