Bombardier Installs New CEO Amid Problems

February 12, 2015 6:17 PM

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Bombardier Inc., the world's third-largest maker of civilian commercial aircraft, announced major changes in its top ranks Thursday as it deals with problems in its aerospace division.

Longtime chairman Laurent Beaudoin, a member of the family that has controlled the company since it was founded, will be replaced by his son Pierre Beaudoin, who has been chief executive.

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