Management appointments at Safran's Operations division

Paris, September 30, 2011

The Safran group has made several management appointments at its Operations division, headed by Marc Ventre, Deputy Chief Operating Officer.

Jean-Lin Fournereaux 59, named Deputy to Marc Ventre, Deputy Chief Operating Officer. He also retains his position as Safran Vice President for Space..
A graduate of INSA (1976), Jean-Lin Fournereaux has spent his entire professional career with Safran group companies. He joined rocket propulsion specialist SEP (which became part of Snecma in 1997) in 1977, holding various positions concerning space propulsion systems. In 1994, he was named head of the satellite propulsion and space equipment unit, then in 1998 he became director of the liquid propulsion division, in charge of Snecma's rocket propulsion activities, mainly concerning propulsion systems for Ariane launchers. In 2001, he was named President and CEO of Techspace Aero, before taking over as Chairman and CEO of Snecma Services in 2004. He was named Chairman and CEO of Sagem in 2007, then moved to Safran in 2011 as Group Vice President in charge of Space.

Denis Vercherin, 58, named Safran Vice President for Programs, while retaining his position as Vice President, Production..
A graduate of the Ecole Centrale de Paris engineering school, Denis Vercherin started his career at Snecma in 1976, working with General Electric in Cincinnati as engineering, then program representative in 1982. He was named design manager for the CFM56-5B (A320 engine) in 1989, then director of CFM56 programs at Snecma in 2000. In 2004 he was named Executive Vice President of Hispano-Suiza, then Chairman and CEO of Snecma Services in 2007. Denis Vercherin was named Executive Vice President of Snecma in 2009 before moving to Safran the following year as Vice President for Production.

Joseph Bogosian, 46, named Safran Vice President for Certification..
A graduate of Georgetown University (1986) and the University of Miami School of Law (1992), Joseph Bogosian started his career as a staff member of the U.S. House Transportation and Infrastructure and Foreign Affairs committees. In 2001 he was named Deputy Assistant Secretary of Commerce, then Assistant Administrator for the Federal Aviation Administration (FAA) in 2005. He joined Safran in 2007 as President and CEO of Safran USA. Since October 2010 he was been a special advisor in the Safran group, first for the Defense-Security branch of Safran, then for Morpho.

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About Safran
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 40.
For more information, www.safran-group.com
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Catherine Malek
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catherine.malek@safran.fr