Sonya Branco to depart CAE in Aug. to pursue new interests

MONTREAL — CAE’s Sonya Branco, executive VP of Finance and CFO, intends to step down at the end of August to pursue interests outside CAE.

“On behalf of myself, CAE’s Board of Directors, and the entire executive management team, I wish to express my sincere appreciation to Sonya for her numerous contributions to CAE’s success over the last 17 years,” said Marc Parent, president and CEO. “Sonya led CAE’s finance organization through a period of significant growth and reached many important milestones. We have benefitted greatly from Sonya’s stewardship, her insightful mentorship of her colleagues, and her deep commitment to the Company. We wish Sonya the very best in her future endeavours.”

Constantino Malatesta, Chief Accounting Officer and VP of Controller Office, will become interim CFO following Branco’s departure.

Parent further said, “Constantino has worked closely with Sonya for many years, and he has a deep knowledge of CAE’s business and an extensive background in finance that will provide continuity and stability at CAE. I have full confidence in Constantino’s ability to oversee the company’s financial operations and strategy as we move forward with our selection process for the permanent CFO role, for which we will consider both internal and external candidates.”