Bernard Delpit appointed Safran Chief Financial Officer

Bernard Delpit

Paris, February 23, 2015

Bernard Delpit will join Safran as Chief Financial Officer, succeeding Ross McInnes, who is expected to be appointed Chairman of the Board.

A graduate of IEP Paris (1985) and ENA (1990), Bernard Delpit, 50, started his career in 1990 with the French national audit office. In 1994 he transferred to the budget department in the Ministry of Economy and Finance. From 2000 to 2007 he moved to a management role at PSA Peugeot Citroën. After spending three years in China as Deputy CEO of the joint venture between PSA and its Chinese partner Dong Feng, in 2004 he was named Financial Controller. He joined the office of the French President in 2007 as Economic Advisor, then moved to La Poste in 2009 as Deputy CEO and CFO. From 2011 until this latest appointment, he was Chief Financial Officer at Crédit Agricole.

Bernard Delpit's wealth of experience and outstanding financial expertise will be a key asset for Safran.

In line with the governance principle approved during its meeting on December 5, 2014, Safran's Board of Directors, meeting after the Annual General Meeting of Shareholders on April 23, 2015, is expected to name Ross McInnes as President of the Board, and Philippe Petitcolin as Chief Executive Officer.

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