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WASHINGTON/MONTREAL — Pierre Beaudoin is expected to step down as executive chairman of Canada’s Bombardier Inc in early 2016, according to a source familiar with discussions about the issue, a move that could erode family control of the plane and train maker.

The source, who was not authorized to speak publicly, said the change was still being discussed and it was not clear who would replace Beaudoin, a member of the family that controls the company. A decision could only be taken during a board meeting.

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One option would be to appoint Chief Executive Alain Bellemare as chairman, rewarding his successful drive to secure investors and improve the company’s balance sheet, said the source.

“Alain’s done a great job since he got there, and it would be a natural succession plan to have him assume the role of chairman,” the source said. “It’s time for new leadership.”

Bellemare questioned the report that Beaudoin could be stepping down. “I don’t know where this is coming from,” he said at a Montreal-area event on Friday morning.