EADS N.V. released that its Board of Directors has designated Tom Enders to take over the role of CEO when Louis Gallois steps down at the end of his mandate. Concurrently, Arnaud Lagardère will assume the role of Chairman of the Board presently held by Bodo Uebber. The change-over was prepared diligently by the Board and results from the application of the succession process under the governance of EADS, which was updated in October 2007. It will take place after the company’s Annual General Meeting (AGM) on 31 May, 2012. These new mandates carry a five-year term.
The Board also announced further changes of the management team effective June 1st, 2012: Fabrice Brégier will succeed Tom Enders and become CEO of Airbus, EADS’ largest division, and Günter Butschek, presently Head of Operations of Airbus will be affected to the position of COO of Airbus.
Harald Wilhelm will become Chief Financial Officer (CFO) of EADS, alongside his present role as CFO of Airbus, following the request of Hans Peter Ring to retire from the company and pursue other objectives.
