Mon, Jan 30, 2012
Tom Enders To Take Over As CEO Following Louis Gallois
The EADS Board of Directors has met Thursday for one of its
regularly scheduled meetings in Amsterdam. During this meeting, it
was determined that Tom Enders would be designated to take over the
role of CEO when Louis Gallois steps down from the position at the
end of his mandate. Concurrently, Arnaud Lagardère will
assume the role of Chairman of the Board presently held by Bodo
Uebber.
The change-over was prepared diligently by the Board and results
from the application of the succession process under the governance
of EADS, which was updated in October 2007. It will take place
after the company’s Annual General Meeting (AGM) on May 31st,
2012. These new mandates carry a five year term.
“Today’s decisions mark a very important milestone
in the development of EADS. Having clarity about the Board and
management positions enables EADS to build a bright future for the
long term on solid foundations," said Bodo Uebber, the Chairman of
the Board. I am very pleased and proud with the overall composition
of the Board of Directors and with the appointments to the
management team, especially with its multi-national character. I
know that my successor Arnaud Lagardère and all of us share
the same strong interest and ambitions for EADS.”
“The management is grateful that the Board has taken these
wide-ranging decisions, in a dispassionate climate, and timely to
facilitate a professional transition," Gallois
(pictured) said. "Tom Enders not only has a wide range of
experience across our businesses, but strong leadership skills and
charisma with an established track record. I am sure that he will
extend his vision for EADS in the best interest of all its
stakeholders and in particular of the great community of employees
working together across our nations."
“It was with great satisfaction that through our
succession planning process we have found such a wealth and breadth
of talents inside EADS," said Sir John Parker, Chairman of the
Remuneration and Nomination Committee. "We chose the right person
for each of the open positions, to rise to the upcoming strategic
challenges facing this Group, and maintain its hard earned
leadership positions. It is regrettable that this generation of
management could not yet incorporate female appointments, but I
feel comforted that the next wave is showing some very promising
prospective candidates for subsequent rounds of succession."
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