Airbus Names Guillaume Faury New CEO

 

According to a press report, the aircraft manufacturer Airbus has found a successor for outgoing company chief Tom Enders. Guillaume Faury will be appointed CEO on Monday, reports the French newspaper Le Figaro. Faury is currently responsible for the civil aircraft business. Enders will give up his duties in April 2019.

Pressure to end uncertainty over the CEO job grew with the resignation of sales chief Eric Schulz in August, with the former Rolls-Royce executive’s abrupt departure strengthening calls for an internal successor to Enders.

A person close to Enders denied there had been any leadership vacuum since he announced his intention not to seek a third term and said he had remained involved in the business.

As CEO of the only serious rival to US plane maker Boeing, Faury will continue to tackle industrial problems affecting some jet deliveries while overseeing smaller but increasingly autonomous helicopter and defence units.

People familiar with the matter said he would not be replaced in his current role, though this did not exclude shoring up the operational management as two top industrial executives prepare to retire at the end of this year.

The Airbus plane making business merged with the parent group last year, but until now had maintained separate figureheads.

Faury will also need to restore morale shattered by a probe into the use of middlemen, now in its third year and which has left management sidelined as board directors pilot the inquiry.

Airbus said its board would begin selecting a new chairman “in due course”, with a view to “maintaining international diversity” at board and management level.

Sources said last month that Faury’s hiring could herald changes in the board as Ranque would step down in 2020.

Airbus usually divides chairman and CEO jobs between French and German nationals, though the ability of Paris and Berlin governments to dish out top jobs for purely political reasons was halted in 2013. Although their power is curtailed and Airbus claims full independence, the two governments each maintain a voice as 11-per cent shareholders and major defence buyers.

 

 

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