Bombardier announced the following changes in responsibilities for members of its senior management team. Effective immediately, Nico Buchholz will assume a new role as Senior Vice President, Strategic Initiatives and Jim Vounassis will assume the Chief Procurement Officer responsibilities in addition to continuing to lead the company's operations transformation as Bombardier's Chief Transformation and Procurement Officer. Going forward, Bombardier's global procurement activities will be led by Jim Vounassis. Jim joined Bombardier in June 2015, serving as the company's Chief Transformation Officer with responsibility for transforming the company's operations, to reduce costs, improve efficiency and support Bombardier's growth objectives. Both Buchholz and Vounassis will continue to report to Bellemare as members of Bombardier's senior leadership team.