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Bombardier Announces Appointment of L. Denis Desautels to its Board of Directors.

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MONTREAL--(BUSINESS WIRE)--Feb. 21, 2003

Bombardier (TSX:BBD.A) (TSX:BBD.B) announced today that former Auditor General of Canada L. Denis Desautels has joined its Board of Directors.

"I am delighted that Mr. Desautels has agreed to join our board. His vast experience in both the private and public sectors and his solid knowledge of finance, operations and risk management will be very valuable to us. We are looking forward to benefiting from his expertise and leadership," said Mr. Laurent Beaudoin, Chairman of the Board and of the Executive Committee of Bombardier Inc. The appointment was effective Feb. 14, 2003.

Mr. Desautels served as Auditor General of Canada from 1991 to 2001 following a 27-year career at Ernst & Young.

Mr. Desautels is currently a member of the Accounting Standards Oversight Council for the Canadian Institute of Chartered Accountants, as well as a member of the Conference Board of Canada's National Awards in Governance Advisory Committee. He is also a member of the International Auditing and Assurance Standards Board and Chair of the Capital Health Alliance. Mr. Desautels also sits on the Boards of Directors for CARE Canada, the Laurentian Bank of Canada and Groupe Jean Coutu (PJC) Inc. On Oct. 1, 2001, he was named Executive Director of the University of Ottawa's Centre on Governance.

Bombardier Inc., a diversified manufacturing and services company, is a world-leading manufacturer of business jets, regional aircraft, rail transportation equipment and motorized recreational products. It also provides financial services and asset management in business areas aligned with its core expertise. Headquartered in Montreal, Canada, the Corporation has a workforce of some 80,000 people in 24 countries throughout the Americas, Europe and Asia-Pacific. Its revenues for the fiscal year ended Jan. 31, 2002 stood at $21.6 billion Cdn. Bombardier shares are traded on the Toronto, Brussels and Frankfurt stock exchanges (BBD, BOM and BBDd.F).
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Publication:Business Wire
Geographic Code:1CANA
Date:Feb 21, 2003
Words:315
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