Airbus Appoints Guillaume Faury As CEO

Airbus Appoints Guillaume Faury As CEO

Airbus SE (EADSF.PK, EADSY.PK) said Monday it appointed the head of its plane-making unit, Guillaume Faury, as its next chief executive officer. Faury will succeed Tom Enders in April 2019. Meanwhile, Denis Ranque will continue as Chairman of the Board of Directors until the end of his mandate in April 2020.

Tom Enders, CEO of Airbus, today said, “Guillaume is an excellent choice. He has gained broad industrial and aeronautic experience over many years and in many roles both inside and outside Airbus. With his strong values and international mindset, Guillaume stands for the new generation of leaders that Airbus needs for the coming decade. He knows he can rely on me to facilitate a smooth transition.”

Faury, 50, who currently serves as President Airbus Commercial Aircraft, will succeed Tom Enders, 59, who remains chief executive officer until the Annual General Meeting on 10 April 2019, when the appointment of Faury as executive member of the Board will be submitted to shareholders.

Mr. Enders said late last year that he wouldn’t seek a new mandate when his current term expires at the company’s annual shareholder meeting in April.

Guillaume Faury served in various senior management roles at Eurocopter from 1998 to 2008. Starting in Engineering, then Flight Test, he later became Executive Vice President for Commercial Programmes, then Executive VicePresident for Research and Development.

In 2009, Faury joined Peugeot S.A., where he served as Executive Vice President for Research and Development as a Member of the Managing Board. In May 2013, Faury returned to Airbus as CEO of Airbus Helicopters and in early 2018 he took the helm of Airbus Commercial Aircraft.

Airbus today noted that Denis Ranque will continue as Chairman of the Board of Directors until the end of his mandate in April 2020, as foreseen in the staggered board succession process, introduced at AGM 2016. At that time and after seven years as Chairman, Denis Ranque has requested to leave the Board to pursue other interests.

The Board will commence the process of selecting a new Chairman in due course having regard to, as expressed in its internal rules, the importance of maintaining international diversity at Board and Management level, Airbus said.

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