Dec 20 (Reuters) - Activist investor Browning West said

on Friday it has built a 4.3% stake in CAE, pushing to

have a say in hiring the flight simulator maker's new top boss.

CAE had said in November its current CEO Marc Parent would

leave the Canadian firm after 15 years.

"We urge the Board not to act hastily in its CEO search, but

rather to engage with us to collectively recruit the best

possible leader," Browning West said.

The aviation training specialist's shares have fallen by

about 4% in the past five years, underperforming the S&P/TSX

Composite Index which has risen roughly 43% in the

same period.

Browning said while it "admired CAE's business and its

enviable market position", the company's stock has fallen short

of expectations.

CAE did not immediately respond to a Reuters request for a

comment.

The Montreal-based company also reported a lower

second-quarter profit, as supply chain challenges continued to

affect the firm.

Formed in 2019, Browning West is an investment firm based in

Los Angeles, California and was most recently involved with

Canadian apparel maker Gildan and bringing its former

CEO back.