MIAMI— Bombardier Inc has announced today the appointment of Nico Buchholz as Senior Vice President and Chief Procurement Officer (CPO).
Prior to joining Bombardier, Buhholz was the Executive Vice President, Fleet Management, Lufthansa Group, in charge of managing a portfolio of approximately 700 aircraft, was responsible for fleet planning, commercial and technical evaluation, procurement of airframes and engines, specifications, accounting and disposition of used aircraft for all airlines within the Group.
Buchholz was also leader in the acquisition of the new long-haul fleet of the Group, which includes the Boeing 747-8I and 777X, as well as the Airbus A350-900 for Lufthansa in 2013, representing the biggest single private-sector investment in the history of German industry.
Buchholz was also involved in the modernization of the fleet of Swiss International Air Lines, with the acquisition of Boeing 777-300ERs, and Bombardier CSeries aircraft, thus becoming the launch customer of the type.
“His impressive track record as Lufthansa Group’s fleet manager shows that Nico has both the forward-looking vision and the operational and practical know-how that Bombardier needs to increase its competitiveness” said Alain Bellemare, President and Chief Executive Officer, Bombardier. “Buchholz is the perfect fit for the CPO role given his unique talent for strategic planning and execution as well as his deep understanding of aerospace and the industrial sector.”
Last Spring, Bombardier began a revamp of its Executive team by appointing former United Technologies veteran executive Alain Bellemare as President and CEO. Fred Cromer and Colin Bole have also joined the team to lead the company’s commercial aviation division and commercial sales teams, respectively.
Mr. Buchholz will now lead the Corporation’s supply chain activities and closely manage relations with suppliers across the global value chain, a key position in Bellemare’s plans to reduce costs as part of the strategy to recover from the delays and cost overruns in the CSeries and Learjet programs.