Safran names Jean-Christophe Corde Risk Management and Insurance Director Group

Paris, January 30, 2012

Jean-Christophe Corde, 58, has been named Risk Management and Insurance Director Group at Safran. He reports to Ross McInnes, Deputy Chief Executive Officer, Finance.

Jean-Christophe Corde holds degrees from the Ecole Polytechnique (1973), Sup'Aero (1978), and the Institut de Contrôle de Gestion (1986). He started his career in 1978 with French defense procurement agency DGA as a jet engine test engineer at the propulsion test center in Saclay. He joined Snecma in 1988 as program director, then became quality manager at Snecma's Gennevilliers plant in 1993. After an initial stint at Messier-Bugatti in 1995 as director of the aircraft braking division, he returned to Snecma in 1998 as manufacturing director and general manager of the Gennevilliers plant. He was subsequently named production director in 2000, then director of strategy and improvement actions in 2006. In September 2006 he moved back to Messier-Bugatti as Chairman and CEO. From 2009 until this latest appointment he was Safran's Vice President for International Development, Europe and Africa.

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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 40 index.
For more information, www.safran-group.com / Follow @SAFRAN on Twitter

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