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Safran at a glance
Safran is a leading international high-technology group with three core businesses: Aerospace, Defence and Security (ongoing divestiture of Security business).
Operating worldwide, Safran has 66,500 employees (Security included) and logged sales of 15.8 billion euros in 2016 (excluding Security). Comprising a number of companies, Safran holds, alone or in partnership, world or European leadership positions in its markets. Safran undertakes extensive Research & Development programs to keep pace with its fast-evolving markets, including expenditures of 1.7 billion euros in 2016 (excluding Security expenditures).
Safran is a French-registered company, listed on NYSE Euronext Paris. Its share is part of the French stock market index, CAC 40 and of the European market index, Euro Stoxx 50.
An Executive Committee representing the Group's different businesses implement the strategic objectives defined by the Board of Directors. This governance principle guarantees a balance of power, and ensures quick responsiveness for Safran, to meet the changing requirements of its economic, financial and competitive environment.
On April 23, 2015, during the Board of Directors meeting following the Annual General Meeting of Shareholders, Philippe Petitcolin was named Chief Executive Officer of Safran, and Ross McInnes was named Chairman of the Board.
Board of Directors
The Board of Directors, an independent body, determines Safran’s major strategic objectives and oversees their implementation. Specialized committees provide input to support the decision-making process.
The Executive Committee is in charge of conducting Safran’s business, in line with the strategy defined beforehand by the Board of Directors.
Corporate Officers’ compensation and benefits
Safran's broad international footprint enables us to build business and industrial partnerships with the world's leading prime contractors and operators, respond quickly and locally to customer needs, and continuously strengthen our competitive edge.
Safran's presence spans the globe. We deploy production plants, research facilities, service centers and sales offices worldwide as part of a global industrial strategy that underpins our performance. We are committed to providing responsive local solutions and winning new markets.
For further information regarding our activities in the following countries:
Quality at Safran
Safran applies an ambitious quality policy to ensure total customer satisfaction by deliveringoutstanding products and services. Reflecting this policy, Safran is recognized as a partner of choice by all customers.
Safran's Quality policy
Quality underpins our expertise. A company that designs critical products for the demanding aerospace, defense and security markets must absolutely deliver outstanding quality to all of its customers. Safran's quality policy is deployed across all of our companies worldwide, within the scope of a dynamic innovation and continuous improvement approach.
Three top objectives
Safran's quality policy draws on our core values, especially technical excellence and constant innovation. It is organized around three top objectives: customer satisfaction, continuous performance improvement, and enhanced competitiveness.
Customer satisfaction, a central focus in Safran's quality management organization, is based on carefully listening to our customers and understanding their requirements. Our policy is built on meeting our commitments in terms of quality, costs and deadlines, and delivering safe products and services.
- Continuous performance improvement has a direct impact on customer satisfaction. It entails the unrelenting improvement of our processes, especially by identifying and applying innovative concepts, developing teamworking with our suppliers to help them improve their own performance, and more widely sharing best practices across Safran.
- Enhancing our competitiveness is based on three fundamentals: leveraging feedback to better manage risks; guaranteeing the security of our products by using the appropriate methods and tools, and the ongoing development of employees' skills and expertise.
Accreditation and certification
Quality is an absolute prerequisite for all Safran companies, which develop critical technologies for sectors where customers demand impeccable quality.
Our companies count on proven quality management systems reflecting the top standards in each of their businesses, including engineering compliance certification (EN 9100, EN 9110, etc.) and accreditation by recognized aviation authorities (EASA, FAR, CAAC, etc.).
We focus on four areas to make customers an integral part of our businesses and processes:
- Understanding each customer's expectations and requirements, and integrating these factors at all levels.
- Stimulating the continuous improvement of processes and methods.
- Guaranteeing performance, to ensure customer satisfaction.
- Adapting our quality system to customer requirements.