Maurer Moves To New Post With Diamond

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Key Takeaways:

  • Peter Maurer is retiring as CEO of Diamond Canada to take on a new "senior global strategy and business development" role within the newly reunited Diamond Aircraft Industries.
  • Scott McFadzean has been promoted from COO to CEO of Diamond Canada, with Kevin Sheng appointed as the new Chief Operations Officer.
  • These leadership changes follow Wanfeng Corporation's recent acquisition of Diamond's European operations, reuniting them with the Canadian assets, with the goal of growing Diamond's global business and optimizing combined resources.
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Peter Maurer is retiring as CEO of Diamond Canada and moving to a new role in “senior global strategy and business development” according to a news release from the newly reunited Diamond Aircraft Industries. Earlier this month, Wanfeng Corporation took over control of Diamond’s European operations, a year after acquiring the Canadian assets in London, Ontario. The move resulted in the staff shuffle and now Scott McFadzean, the previous chief operations officer, has moved into Maurer’s role. Kevin Sheng is the new COO.

Bin Chen, Chairman of Diamond Aircraft, said the goal of the company is to “grow Diamond’s global business” and the new appointments are part of that strategy. “The announced personnel changes will support these efforts, especially with regard to making best combined use of all our global resources,” said Bin. Maurer said Diamond Canada is “in most capable hands” with McFadzean’s promotion and the recent moves assure “the long-term success of our company.”

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