Olivier Andries took over from Philippe Petitcolin as Safran CEO on Jan. 1, after the latter took drastic measures in 2020 to keep the company afloat. The Paris- based equipment manufacturer, a “super- Tier 1” in the aerospace industry, is starting the new year in a relatively good financial position, given the weakened economic environment. Andries, 58, will nevertheless have to navigate the company through a still-turbulent climate, particularly in propulsion, which accounts for half of Safran’s revenues. His decisions will critically affect many suppliers. In the longer term, Andries holds some of the keys to the future of propulsion, as Safran will need to offer new concepts to decarbonize commercial aviation.
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