Sagem and Snecma will be merged after shareholders of the companies approved the measure during their annual meetings. The new company will be called Safran and will be organized into four branches: Aerospace Propulsion, Communications, Aerospace Equipment and Defense-Security. Jean-Paul Bechat is chairman of the executive board, which also includes Gregoire Olivier and Ives Imbert. Mario Colaiacovo is chairman of the supervisory board.
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