Laurent Beaudoin

Laurent Beaudoin
Born (1938-05-13) 13 May 1938
Laurier Station, Quebec, Canada
Nationality Canadian
Occupation businessman
Known for Chairman of the Board of Bombardier Inc.
Awards Order of Canada
National Order of Quebec

Laurent Robert Beaudoin CMG CC OQ (born May 13, 1938) is a Canadian businessman from Quebec. For many years he was the CEO of the transportation company Bombardier.

Early life

Beaudoin was born in Laurier Station, Quebec. In 1959, while studying accounting at the University of Sherbrooke, he married Clair Bombardier, daughter of Canadian businessman Joseph Armand Bombardier.[1]

Career

Beaudoin began his career in 1961 in Sherbrooke, Quebec by founding a firm of chartered accountants, Beaudoin and Blais, soon followed by a second firm, Beaudoin, Morin, Dufresne & Associés. In 1963 he joined the family business, L’Auto-Neige Bombardier Limited, as comptroller.[2] He was named president of the company in 1966, shortly after Bombardier's death. He became Chairman and Chief Executive Officer of Bombardier Inc. in 1979. Under his leadership, the company grew from a snowmobile manufacturer to the world's largest manufacturer of rail transportation equipment and to the world's third largest civil aircraft maker.

After taking the company's helm, Beaudoin took it public, then during the 1970s used the funds thus raised to grow Bombardier into a large rail transportation company.[3] In 1986 he oversaw Bombardier's entry into the aviation field through acquiring the assets of Canadair, which had been manufacturing Challenger business jets and amphibious aircraft. He led the acquisition of other cash-starved companies; by 1992 he controlled Short Brothers, Learjet,[4] and de Havilland.[5][6]

In June 2000, Beaudoin was named a member of the Advisory Board of Lazard Canada. In December 2003 his son, Pierre Beaudoin, was named CEO of Bombardier. At that time Laurent Beaudoin became chairman of the board of Bombardier Recreational Products.

In 2018 Beaudoin retired from Bombardier after 55 years.[7]

Honors and recognition

In 1973 Beaudoin was named Officer of the Order of Canada. In 1989 he was named a Fellow of the Ordre des comptables agréés du Québec, and also Companion of the Order of Canada. The next year he became and Officer of the National Order of Quebec.

In 2000 Beaudoin was named one of the great Quebecers of the century by the Académie des Grands Québécois.

In 2008 he was presented with the International Michael Smurfit Business Achievement Award' by the Ireland Chamber, United States, and also received the Best Global Business Award from the Canada China Business Council in Beijing. The next year he was presented with the Grosse silberne ehrenzeichen mit dem stern by the President of the Republic of Austria.

In 2013 Beaudoin became a Companion of the Most Distinguished Order of St Michael and St George, for services to British industry, particularly in Northern Ireland.[8] The next year he was presented with the Philip J. Klass Award for Lifetime Achievement by Aviation Week & Space Technology magazine[9]

Honorary doctorates

Beoudoin has received honorary doctorates from the Université de Montréal, York University, Université de Sherbrooke, Université Sainte-Anne, Bishop's University, Queen’s University, Belfast (Northern Ireland), University of Toronto, Carleton University, McGill University and Concordia University.

Footnotes

  1. ↑ "Beaudoin transforms company Bombardier riding high". Medicine Hat News, May 07, 1990 - Page 6
  2. ↑ "Inside Ski-Doo’s 50th Anniversary Celebration". Snow Goer, October 16, 2009
  3. ↑ Kevin K. Boeh; Paul W. Beamish (2007). Mergers and Acquisitions: Text and Cases. SAGE. p. 407. ISBN 978-1-4129-4104-4.
  4. ↑ Flying Magazine. September 1990. p. 25. ISSN 0015-4806.
  5. ↑ "Subway to the sky". The Economist, Aug 21 1997.
  6. ↑ AW&ST, 24 March 2014, p. 51, "From Snowmobiles to Regional Jets"
  7. ↑ "After 55 years, chairman emeritus Laurent Beaudoin bids adieu to Bombardier". Financial Post, Ross Marowits, May 3, 2018
  8. ↑ "No. 60728". The London Gazette (Supplement). 31 December 2013. p. 3.
  9. ↑ AW&ST, 24 March 2014, p. 51, "From Snowmobiles to Regional Jets"
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