New EADS management deal reached
Thomas Enders, said that he would now head the Airbus aircraft unit and that Frenchman Louis Gallois would become the sole chief executive at EADS.
By Agencies |
TOULOUSE: The German co-chief executive of European aerospace group EADS, Thomas Enders, said on Monday that he would now head the Airbus aircraft unit and that Frenchman Louis Gallois would become the sole chief executive at EADS.
Enders announced the deal as French President Nicolas Sarkozy and German Chancellor Angela Merkel opened an informal summit in the southwest city of Toulouse, where Airbus is headquartered.
The European Aeronautic Defence and Space Company had been headed by French and German chairmen and chief executives, an arrangement often blamed for slow decision-making and ineffective management.
German Rudiger Grube who co-chaired EADS with Arnaud Lagardere will become the sole chairman, Enders said. "There is a deal," Enders told journalists.
Gallois, who is currently Airbus chief executive, separately confirmed the management shakeup and said "it is essential that we arrive at a solution that marks progress compared to the current situation."
"We all have the same priorities. That it works," said Gallois.
Enders announced the deal as French President Nicolas Sarkozy and German Chancellor Angela Merkel opened an informal summit in the southwest city of Toulouse, where Airbus is headquartered.
The European Aeronautic Defence and Space Company had been headed by French and German chairmen and chief executives, an arrangement often blamed for slow decision-making and ineffective management.
German Rudiger Grube who co-chaired EADS with Arnaud Lagardere will become the sole chairman, Enders said. "There is a deal," Enders told journalists.
Gallois, who is currently Airbus chief executive, separately confirmed the management shakeup and said "it is essential that we arrive at a solution that marks progress compared to the current situation."
"We all have the same priorities. That it works," said Gallois.
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