Adam Smith named Group General Counsel of Safran
Paris, June 23, 2014
Adam Smith is appointed Group General Counsel of Safran with effect from September 1, 2014. He replaces Celeste Thomasson, who became President and CEO of MorphoTrak, a US subsidiary of Morpho, in January 2014.
Adam Smith, 49, is a British and French national. He holds a degree in law from University College London (1987), an MBA from London Business School (1996), and a Master's degree in History from Sheffield Hallam University (2013). He is a solicitor of the Senior Courts of England and Wales.
Adam Smith started his career in 1988 as a solicitor at Lovells (London), then became an investment banker at Dresdner Kleinwort Benson (London). In 2008, after heading M&A Legal Affairs at EADS (Paris) for ten years, he became General Counsel of Cassidian, recently renamed Airbus Defence and Space (Munich). Since 2010 he has been Group General Counsel and Chief Compliance Officer of DCNS (Paris).
Safran is a leading international high-technology group with three core businesses: Aerospace (propulsion and equipment), Defence and Security. Operating worldwide, the Group has 66,300 employees and generated sales of 14.7 billion euros in 2013*. 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 1.8 billion Euros in 2013. Safran is listed on NYSE Euronext Paris and is part of the CAC40 index.
* Sales in 2013 restated for the impacts of IFRS11 amounted to 14.4 billion euros.
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