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.