Latecoere, S. A announced that the Board of Directors, on the recommendation of the Nominations, Remuneration and CSR Committee, appointed Greg Huttner as the company?s new Chief Executive Officer. Greg Huttner joined the Latecoere Group in 2020 and has played a critical role to help the company navigate through the depths of COVID and to bounce back as the industry ramps up to deliver on the significant aircraft order-book of end customers. Latecoere has had a strong start to the year with revenue growing 42.9%.

Notwithstanding this, a huge amount of work is still underway to navigate inflationary pressure and on-going supply chain challenges. This change will enable the company to accelerate and fully deliver on its plan to secure the ramp-up in production required by customers on the back of the recapitalization, which was announced before the summer and is currently underway. Thierry Mootz who combined the function of Chairman of the Board of Directors and Chief Executive Officer will continue to serve and act as non-executive Chairman of the Board of Directors starting immediate.

Greg Huttnerfirst joined Latecoere as a member of the Board of Directors and member of its Strategy Committee in June 2019. He was appointed member of the Executive Committee of the Group and General Manager of the Aerostructures Division in March 2020, additionally Deputy Group CEO in August 2021 and General Manager of the Interconnection Systems Division in November 2022. Since joining the company, he led the operational transformation of both divisions to a more competitive and agile organization in a challenging post-Covid environment, whilst completing transformative acquisitions for the Aerostructures Division.

Furthermore he engaged the development of the group?s industrial footprint around its Eastern European and Mexican clusters, whilst continuing to invest in engineering through the Composite Development Center. Finally he expanded the business across both divisions, with gains at Airbus (A321 XLR), Boeing (737 MAX and 767) as well as new customers for the Group such as Pratt & Whitney, Heart Aerospace and Deutsche Aircraft.