CNBC
•Activist Browning West wants to collaborate as CAE selects a new leader. Here’s what can happen next
82% Informative
CAE Inc. is a Canadian multinational company specializing in flight training and simulation technologies.
CAE is the market leader in both manufacturing highly valuable flight simulators and operating training facilities for flight safety.
Browning West LP sent an open letter to the board of CAE , calling on the board to collaborate with the firm in the recruitment process for a new CEO.
Browning West co-founder and CIO Usman Nabi gained extensive experience from his time at H Partners conducting CEO searches.
Nabi was able to reconstitute the board at Tempur Sealy and replace the CEO with nothing more than a withhold vote campaign, an unprecedented move in activism at the time.
CAE has a choice: It can embrace the activist investor and the firm's experience in CEO succession like other companies successfully have.
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