Tue, Mar 12, 2019
Resolutions Include Appointment Of CEO-Designate Guillaume Faury To Board
Airbus SE has published the agenda for its 2019 Annual General Meeting on April 10, with resolutions including the appointment of Guillaume Faury as Executive Member of the Board of Directors. Shareholder approval will be sought to approve Guillaume Faury’s Board Mandate for a period of three years, replacing outgoing Chief Executive Officer Tom Enders whose Board Mandate expires at the close of the AGM.
Airbus announced last October that its Board of Directors had selected Guillaume Faury (pictured), currently president Airbus Commercial Aircraft, as its future Chief Executive Officer, replacing Tom Enders who has served as CEO since 2012. Subject to shareholder approval of his Board Mandate, Faury’s formal appointment as CEO would then be voted on at a Board Meeting immediately following the AGM.
Among the other AGM resolutions are the re-election of three Non-Executive Board Members for a period of three years. These are Catherine Guillouard, Claudia Nemat and Carlos Tavares.
Airbus has a policy of ‘staggered’ Board terms whereby one third of the 12 directors are reappointed or replaced every year to ensure a smooth transition and to be in line with best practices. This also avoids large block replacements at any single shareholder meeting.
Other resolutions include the approval of the proposed 2018 dividend of $1.87 per share, which represents a 10% increase compared to 2017.
(Source: Airbus news release. Image from file)
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