Bombardier CEO change, debt plans spook the market

Bombardier CEO change, debt plans spook the market

Bombardier CEO change, debt plans spook the market Investors sold-off shares in Bombardier after the Montreal-based firm announced that its CEO Pierre Beaudoin will step down from the role tomorrow (Friday) and become executive chairman with Alain Bellemare taking over as chief executive while long-term fixture  Laurent Beaudoin will retire. The firm is also suspending its dividend and selling off debt and equity to improve its balance sheet. Shares tumbled around 12 per cent in early trading.