Pierre Fabre Named New CFM President

June 20, 2001

LE BOURGETJune 20, 2001Pierre Fabre has been named president and chief executive officer of CFM International, the 50/50 joint company between Snecma Moteurs (Safran Group) of France and General Electric of the United States. The company, headquartered in Cincinnati, Ohio, is the world's largest manufacturer of jet engines for transport aircraft.

Mr. Fabre is replacing Grard Laviec, who is retiring August 30 after a 38-year career. Mr. Laviec has served as CFM president and CEO since September 1995.

In his new position, Mr. Fabre will be responsible for the overall results of the CFM56 engine programs and the profitability of the joint company, as well as the development of the worldwide market, negotiation of sales, and customer satisfaction.

Mr. Fabre joined Snecma Group (Safran Group) in 1975 after graduating from the prestigious Aeronautical College Sup Aero. He has been involved in the CFM56 program for most of his career, serving in various capacities, including the Snecma Technical Representative to GE, based in Cincinnati, from 1981 to 1984.

Between January 1995 and September 1996, Mr. Fabre served as the head of Snecma's (Safran Group) Controls and Accessories division. In September 1996, he was named CFM executive vice president and CFM56 Program Director for Snecma (Safran Group). Most recently, he served as executive vice president of the Aircraft Braking Division of Messier-Bugatti, a subsidiary of Snecma Group.

Mr. Fabre, 48, is married and has five children.

Jamie Jewell

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Charles Soret

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Perry Bradley

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Talal Ahmed Almahmood

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