It’s easy to see why shares of CAE Inc. (CAE) were up more than 4% after the announcement that Matthew Bromberg would take the reins in two weeks time… this guy is a literal weapon.
Bromberg’s Navy discipline has stayed with him throughout his career, as CAE highlighted their new CEO’s contributions to significant cost-cutting initiatives in his previous role at Northrop Grumman.
We’re streamlining our organizational structure optimizing our supply chain spend and reducing costs through improved utilization of our resources and facilities. We removed over $200 million of cost in the enterprise in 2024 alone.
He looks to be a great strategic fit for the company, given his decades of U.S. defense experience - a critical geography and business segment for CAE.
With former Air Canada CEO Calin Rovinescu taking the Executive Chairman seat and strong defense tailwinds in both Canada (see bite) and the U.S. (see bite), CAE’s current premium feels more than fair.
