Tue, Jun 28, 2005
Enders And Forgeard Co-Honchos -- Ending Bitter Dispute
Tom Enders, 46, and Noël
Forgeard, 58, have been elected as Chief Executive Officers (CEO)
of EADS with immediate effect for a five-year term. The EADS Board
of Directors, in agreement with BAE Systems, has also appointed
Gustav Humbert, 55, as President and CEO of Airbus. Stefan Zoller
(47) has been appointed as President and CEO of the EADS Defence
and Security Systems Division.
The Board has also appointed the new Executive Committee for the
Group, which will be led by the CEOs Enders and Forgeard:
- Jean-Paul Gut (Chief Operating Officer for Marketing,
International and Strategy)
- Hans Peter Ring (Chief Operating Officer for Finance)
- François Auque (EADS SPACE)
- Fabrice Bregier (EADS Helicopter Division)
- Ralph D. Crosby Jr. (EADS North America)
- Francisco Fernández Sáinz (EADS Military
Transport Aircraft)
- Gustav Humbert (Airbus)
- Jussi Itavuori (Human Resources)
- Stefan Zoller (EADS Defence and Security Systems Division)
The Board has dissolved the Aeronautics division and established
Eurocopter as the new EADS Helicopter division. It will be led by
Eurocopter CEO Fabrice Bregier.
The four EADS Executive Board Members –- Enders, Forgeard,
Gut and Ring -– will represent EADS on the Airbus Shareholder
Committee. Noël Forgeard has been appointed as Chairman of the
Airbus Shareholder Committee, in agreement with BAE Systems.
EADS Chairmen Manfred Bischoff and
Arnaud Lagardère said: "We are pleased that following
intense discussions we can now present an excellent team and new
structure for the future management of EADS. The appointments
reflect the unique position of EADS as a multinational company as
well as EADS' strong position in the world market. Our key priority
for the second term of EADS is to ensure the company builds on its
strong profit performance, particularly through a renewed focus on
enhancing the value of its core businesses. The new CEOs and
Executive Committee have a mandate to vigorously pursue this
strategy."
EADS CEOs Enders and Forgeard commented: "We are proud to lead
one of the world's most successful aerospace and defence
enterprises. EADS has already become the leader of the European
aerospace and defence industry. Together, we share an absolute
determination to take EADS forward to the next successful stage in
its history. Our focus will be to continue the company's strong
growth trajectory and commitment to innovation, and to reinforce
our focus on business performance."
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