Amsterdam – Airbus SE (stock exchange symbol: AIR) has published the agenda for its 2020 Annual General Meeting to be held on 16 April, with resolutions including the proposed appointment of Mark Dunkerley and Stephan Gemkow as independent non-executive directors to its Board of Directors. As communicated previously, Denis Ranque and Hermann-Josef Lamberti are due to step down from the Board at the close of the AGM.
Mark Dunkerley, who has extensive experience of the commercial airline and aviation industry and is currently a Member of the Board of Spirit Airlines, Inc., is proposed for a three year term as a Board Member, as is Stephan Gemkow, a Member of the Board of Amadeus IT Group and a former airline executive with 22 years at Deutsche Lufthansa AG including six as the company’s Chief Financial Officer.
As previously stated, Denis Ranque requested to leave the Board to pursue other interests when his current Mandate ends at the close of the 2020 AGM, when he will have served for seven years as Chairman. In April 2019, it was announced that the Board had selected René Obermann to succeed Denis Ranque as Chairman of the Airbus Board of Directors, subject to his appointment to this post at a Board meeting immediately after the 2020 AGM. René Obermann has been an independent non-executive director on the Airbus Board since April 2018 and is a former Chief Executive Officer of Deutsche Telekom AG.
Hermann-Josef Lamberti, a former long-standing Chairman of the Audit Committee, informed the Board previously that he didn’t wish to seek a renewal of his Board mandate after the 2020 AGM. Among the other AGM resolutions are the reappointment of Ralph D. Crosby, Jr. and Lord Drayson (Paul) as non-executive Board Members, each for a period of three years.
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 2019 dividend of € 1.80 per share, which represents a 9% increase compared to 2018.
Documents for the AGM, including the Information Notice with a full agenda, are available online at: https://www.airbus.com/investors/annual-general-meetings.html.