Story ID: 
With Retirement, CAE To Be Parent-less
By: Chad Trautvetter
Caption: CEO Marc Parent to retire from aviation and defense training provider in August 2025
Word Count: 203
CAE president and CEO Marc Parent will be stepping down in August 2025 as part of an ongoing succession plan, the aviation and defense training company announced last week. A 20-year veteran of the company, Parent has been at CAE’s helm for the past 15 years. In the meantime, he will continue to lead CAE in his role as CEO and as a member of the board of directors while the board searches for his replacement.
“Under Marc's leadership, CAE has become a global leader in training for civil aviation and defense and security forces, through which we have furthered our mission to make the world a safer place,” said CAE board chair Alan N. MacGibbon. “During his tenure, CAE’s annual revenue has nearly doubled to $4.3 billion…driven in large part by the transformation he led from being primarily an industrial products company to becoming the world leader in aviation training solutions.”
Parent added, “It has been the privilege of a lifetime to lead this company over the last 15 years. Having been engaged in succession planning discussions for some time, the board and I are fully aligned on the process and transition to CAE’s next CEO.”