Skip to content
Subscriber Only

Bombardier Dynasty Fades as Outsider Hired to Fix Jet Woes

Updated on

Bombardier Inc.’s founding family is easing back from control of the company that morphed from a maker of snowmobiles in World War II into a builder of jets and subway cars -- and then saddled investors with years of disappointments.

In going outside for a new chief executive officer on Thursday, Bombardier broke with decades of tradition. Pierre Beaudoin, a grandson of the Bombardier who created the company, presided since 2008 over delays in two aircraft programs and the worst return for Canadian industrial stocks.