• Noël Forgeard and Gustav Humbert resigned
  • Christian Streiff nominated as Airbus Chief Executive Officer
  • Tom Enders nominated as Chairman of the Airbus Shareholder
    Committee

The EADS Chairmen, Manfred Bischoff and Arnaud Lagardère announced that the Board of Directors today has accepted the resignation of Noël Forgeard (59) as EADS Chief Executive Officer, as a member of the EADS Board, and as Chairman of the Airbus Shareholder Committee as well as the resignation of Gustav Humbert (56) as Airbus Chief Executive Officer and member of the EADS Executive Committee effective immediately. The EADS Board of Directors thanked Noël Forgeard and Gustav Humbert for their positive contributions over many years to the development of the company and especially the Airbus business.

The Board has appointed Louis Gallois (62) as EADS’ Chief Executive Officer. He will join CEO Tom Enders (47) in leading EADS and the EADS Executive Committee with immediate effect. Gallois, to date President of the French railway company SNCF, has broad experience in industrial and especially aerospace businesses. He has been a member of the Board of Directors since 2000. From 1989 to 1992, Gallois was Chairman and Chief Executive Officer of the French aero engine manufacturer SNECMA, today Safran. Subsequently, from 1992 to 1996, Gallois served as Chief Executive Officer of Aerospatiale, an EADS predecessor company.

Christian Streiff (51) has been nominated as Airbus Chief Executive Officer and appointed as member of the EADS Executive Committee with immediate effect. Streiff brings 26 years of all-round top management experience with Saint-Gobain, a diversified multinational company. Before becoming Deputy CEO of the Saint-Gobain Group in 2004, Streiff has managed various industry and technology businesses of the Group in France, Germany, Italy and the US. Streiff, who is well known to the three EADS core shareholders, will report to Enders, who has been nominated as Chairman of the Airbus Shareholder Committee subject to confirmation by the Airbus Shareholder committee.

In addition, the Board resolved to closely integrate the Airbus Division into the organisational structure of EADS after finalisation of the acquisition of BAE Systems’ 20 percent stake in Airbus.

Furthermore the Board resolved new responsibilities and reporting lines at the top management level: Christian Streiff (CEO of Airbus), Jean-Paul Gut (COO for Marketing, Strategy and Global Development), Ralph Crosby (Chairman and CEO of EADS North America), and Francisco Fernández Sáinz (Head of Military Transport Aircraft Divison) will report to Tom Enders. Hans Peter Ring (CFO - Chief Financial Officer), François Auque (Head of Space Division), Fabrice Brégier (Head of Eurocopter Division), and Stefan Zoller (Head of Defence and Security Systems Division) will report to Louis Gallois. Jean Botti (Chief Technical Officer) and Jussi Itävuori (Head of Human Resources) will report to both CEOs.

Contact:

Keywords