Yves Prete named President and Chief Executive Officer of Techspace Aero
Paris, December 22, 2010
Meeting on December 17, 2010, the Board of Directors of Techspace Aero named Yves Prete as President and Chief Executive Officer of the company, effective January 1, 2011. Techspace Aero, a 55.8%-owned subsidiary of Safran, produces components, subassemblies, modules and test stands for aircraft and rocket engines. Yves Prete replaces Philippe Schleicher, who has been named by Safran to coordinate the planned acquisition by Safran of SNPE's solid propulsion businesses.
Yves Prete, 56, graduated from the Université Libre de Bruxelles (1978). He started his career in 1979 with FN Moteurs (which became Techspace Aero), as an engineer with the assembly and testing department. He then held various positions in the production division. From 1987 to 2000, he was successively head of logistics, director of production and director of organization. He moved to Snecma Services Brussels (a subsidiary of Snecma) in 2000 as President and CEO, before being named CEO of SSAMC (a Snecma joint venture in China) in 2005. From 2009 to this latest appointment, he was head of Snecma's MRO division.
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 55,000 employees and generated sales exceeding 10.4 billion euros in 2009. 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 1.1 billion euros in 2009. Safran is listed on NYSE Euronext Paris and its share is part of the SBF 120 and Euronext 100 indexes.
2, bd du Général Martial Valin
75724 Paris Cedex 15 - France
Tél. +33 (0)1 40 60 80 28
Mob. +33 (0)6 07 83 59 73