Bombardier has announced another top-level management shakeup, saying today that Mike Arcamone, president of Bombardier Commercial Aircraft, is leaving the company and that senior vice president and chief financial officer Pierre Alary will retire.

Arcamone, who joined the company from the automotive industry only three years ago, will be replaced by Fred Cromer, an executive with 23 years of aviation experience who was recently president for six years at ILFC.

“Mike Arcamone… is leaving the company to pursue other interests,” says Bombardier in a media release.

Alary will remain on staff in his position while the company conducts an “international search for his successor”, it adds.

Bombardier’s chief executive Alain Bellemare “is bringing in new talent to reinforce the company’s management team”, Bombardier says. “These changes will instill a fresh perspective at Bombardier, driving execution, alignment and intensity across the entire company.”

In addition to being ILFC’s president, Cromer was also that company’s senior vice-president of finance and chief financial officer.

Earlier, he was CFO of ExpressJet, CFO of Continental Express, vice president of fleet planning at Continental Airlines and director of fleet planning at Northwest Airlines, Bombardier says.

The announcements follows news on 8 April that repeated CSeries delays and financing problems had driven Moscow-based lessor Ilyushin Finance Corporation (IFC) to “re-evaluate all our options regarding our participation in this programme,” IFC’s director general Alexander Rubtsov told Flightglobal.

The lessor had signed orders for 32 CS300s in February 2014.

It also follows a steady exodus of Bombardier's top commercial aircraft executives since last year, including former head of the now-defunct Bombardier Aerospace division Guy Hachey.

Source: Cirium Dashboard