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08.10.2018 10:58
Airbus set to announce its new CEO
AUTHOR: publics.bg


  • © Airbus

Guillaume Faury will replace Tom Enders, who in December said he wouldn’t seek a new mandate when his current term expires next year. The announcement could come as early as Monday.

Airbus had said it would seek to name the replacement for Mr. Enders before year-end.

Faury will come at a time of rising plane deliveries and a backlog of more than 7,300 plane orders—equivalent to nine years of production. But the company also has struggled to build some of the planes, causing delayed deliveries.

Airbus this year is expected to deliver a company record number of airplanes and has promised to ship around 800 airliners. But reaching that target remains a challenge after months of delayed deliveries because of supplier bottlenecks, particularly with the engines for its popular A320neo single-aisle plane. At the end of September, the company was still short around 300 plane deliveries to meet the full-year goal that is critical to cash flow.

Additionally, Guillaume Faury will also have to deal with the legacy of protracted investigation in several jurisdictions, including the U.S., France, and U.K., over the company’s potential misuse of middlemen to secure overseas deals. The company has said it is cooperating with the investigations and warned it could face significant fines.

Airbus has seen significant changes in its top ranks amid a generational shift. Along with Mr. Enders, Fabrice Brégier, who ran the plane making unit before Mr. Faury, has departed and Chief Financial Officer Harald Wilhelm ha announced plans to exit next year.

The company also replaced its chief plane salesman twice this year. Last month, Christian Scherer returned to Airbus as chief salesman after the Eric Schultz, who had joined from aircraft engine maker Rolls-Royce Holdings PLC.


TAGS: Airbus | CEO | change 


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