29 APRIL 2019

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Article from BTNews 29 APRIL 2019

Airbus reshuffle complete

Guillaume Faury has been officially confirmed as the new CEO of Airbus following the retirement after seven years in the job of Tom Enders.

Observers note the reshuffle means a French CEO will report in future to a German chairman – “another sign”, one commentator said, “that balance between the two countries inside Airbus is still an important issue."

René Obermann has been named to succeed Denis Ranque as chairman of the Airbus board in 2020. Germany and France each own around 11% of Airbus stock. Obermann has formerly run Deutsche Telekom as CEO and has been a member of the Airbus board since April 2018.

Faury told directors following the confirmation he would maintain “consistency in the equity story and strategy, with a focus on “programme execution, continuous improvement and digitisation.”

Aged 51, Faury has been running the Airbus commercial aircraft division as president since early 2018. He succeeded Fabrice Brégier, who left Airbus after being told he would not be appointed to succeed Enders (BTN 18 December 2017).

Faury has repeated earlier forecasts from Airbus that the company expects to deliver between 880 and 890 aircraft during 2019 and should declare a 15% increase in adjusted earnings before interest and tax (EBIT).

www.airbus.com

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