KNDS, Europe's biggest tank maker, names Safran veteran Alary as CEO [Yahoo! Finance]
SAFRAN SA UNSPON/ ADR (SAFRY)
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safran-group.com/finance/investor-relations
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Source: Yahoo! Finance
Alary, 58, is currently CEO of Safran Aircraft Engines, and will take the helm at KNDS in April next year, the company said in a statement late Tuesday . Haun will quit his role on Dec. 15, with KNDS Chief Financial Officer Philippe Balducchi serving as interim CEO until Alary takes over at the French-German maker of heavy armor and artillery. The new CEO's challenges will include ramping up production to meet surging European demand for tanks and cannons, with the KNDS order book more than doubling last year to €15.7 billion ($16.5 billion). Alary will also oversee first development orders for the Main Ground Combat System, a politically fraught Franco-German project for a future battle tank that's already more than five years delayed. “With Jean-Paul Alary, KNDS could win an outstanding expert in technology and management,” KNDS Chairman Philippe Petitcolin said in a statement. “He will further drive KNDS's innovational power and economic growth.” With a Frenchman taking over
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