Airbus Announces Top Management Shake-Up

Photo: Handelsblatt Global Edition

The Board of Directors of Airbus SE has decided on a series of Executive changes that ensure an orderly succession in the Executive leadership of Airbus.

Tom Enders has advised the Board that he does not wish to seek another term as Chief Executive Officer (CEO) beyond his current mandate which runs until the 2019 Annual Shareholders Meeting (April 2019).

“The privilege of serving this great company comes with a responsibility to support a smooth succession when the time is ripe. In 2019, I will have served all together 14 years at the helm of Airbus and EADS. It’s been a long and exciting journey but now is the time to initiate a leadership change. We need fresh minds for the 2020s. In the coming 16 months, I will work with the Board to ensure a smooth transition to the next CEO and a new generation of leaders; I will focus on our business challenges; and I will further progress and strengthen our ethics and compliance programmes,” said Tom Enders.

Fabrice Brégier (56), Airbus Chief Operating Officer (COO) & President Airbus Commercial Aircraft has indicated to the Board that, as he does not intend to be part of the selection process for the CEO position in 2019, he will step down in February 2018 and pursue other interests.

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“After 25 years with the company including five years as MBDA CEO, four years as CEO of Eurocopter and eleven years as COO, CEO or President of Airbus commercial aircraft, I feel the time is right to pursue other opportunities outside. I have been fully dedicated to Airbus and to its success during all these years, and up to my departure next year I will remain focused on meeting Airbus’ commitments to all stakeholders and on ensuring a smooth handover to my successor,” commented Fabrice Brégier.

Guillaume Faury (49), currently CEO of Airbus Helicopters, will succeed Fabrice in his role as President Airbus Commercial Aircraft.

“I am honoured to have been entrusted with this new challenge, and I look forward to leading the inspiring commercial aircraft business of Airbus,” said Guillaume Faury.

During 2018 the Board of Directors will assess both internal and external executives for the CEO role with a view to announcing Tom Enders’ successor in good time for confirmation at the 2019 AGM.

Source: Airbus Press Release

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