05:23 PM EDT, 04/04/2024 (MT Newswires) -- CAE Inc ( CAE ) after trade Thursday announced changes to its Defense & Security business unit's leadership team. Among the changes, Jason Goodfriend has been appointed Interim Group President of the business, effective immediately. He replaces Daniel Gelston, who will remain at CAE in a supporting capacity through May 2024.

Goodfriend, based in Chantilly, Virginia, joined CAE in January 2023 as Chief Operating Officer (COO) for CAE's Defense & Security business unit. He came to CAE with over 20 years of experience in the government and private sectors leading and managing organizations and P&L execution for defense companies including BAE Systems Inc., and Akima, LLC.

CAE said a search is currently being conducted for a permanent Group President among several highly qualified external and internal candidates.

CAE also announced the recent appointment of Srini Dixit as Chief Financial Officer (CFO), Defense & Security.

The company's shares closed up C$0.06 to C$27.10 on the Toronto Stock Exchange.