EADS Taps Airbus Chief as New President
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The parent of Airbus is abandoning its twin-chief executive structure, with Louis Gallois taking the companyâs reins, Tom Enders, co-chief of EADS, said.
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Noel Forgeard, chief executive of European Aeronautic Defence and Space Company's aircraft unit Airbus, is to replace EADS co-CEO Philippe Camus when his term ends in July, a press report said.
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Airbus parent EADS abandoned two key  executives on Sunday and brought in a steady pair of hands in  the shape of French railways boss Louis Gallois in a bid to end  a two-week crisis over delays to its A380 superjumbo.
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The new Airbus chief executive has presented an audit of problems at the aircraft manufacturer as well as a vast recovery plan that could mean new delays for the A380 superjumbo airliner and job cuts.
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Jean-Paul Gut, the chief operating officer at European aeronautics and defence giant EADS, said Monday he was stepping down from his post because of a disagreement over strategy.
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The head of Airbus accused U.S. rival Boeing of leading a "campaign of untruths" against the European aircraft maker, and gave the clearest sign yet that Airbus plans to develop a new rival to the Boeing 7E7.
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Airbus parent firm EADS   will complete its review of the challenges it faces within  weeks, Co-Chief Executive Louis Gallois said on Thursday, while  dismissing negative comments from BAE Systems.
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French President Nicolas Sarkozy meets German Chancellor Angela Merkel on Monday to try to agree on who will run the troubled European aerospace group EADS, which manufactures Airbus.
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The newly designated EADS chief executive said in an interview published Thursday he backed the introduction of &quot;golden shares&quot; to allow Berlin and Paris to veto strategic decisions at the European aerospace giant.
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A senior executive at European aerospace firm EADS  has resigned, exposing a tussle over the 25-billion-euro revenue powerhouse at subsidiary Airbus days before a showdown for plane orders with Boeing.
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Noel Forgeard, the co-chief executive of European defense group EADS, stepped down Sunday as part of a management shake-up aimed at restoring investor and customer confidence after Airbus disclosed production delays for its new A380 superjumbo jet.
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TOULOUSE, France -- The parent company of troubled planemaker Airbus abandoned its twin-chief executive structure held jointly by Germany and France, with France's Louis Gallois taking control, the company said Monday.
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The board of EADS, the parent company of Airbus, the aerospace giant, will tomorrow give the green light to develop its new aircraft, the A350.
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The German co-head of European defence and aerospace group EADS will step down when his contract expires next year. Last week Rainer Hertrich created a row over the leadership of the Franco-German group, saying
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French interests named the head of Airbus, Noel Forgeard, to be one of two new pilots running the European aeronautics and defence group EADS after weeks of reported tension over his role.
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France, Germany and Russia will form a working group to study Moscow's role in EADS, the company that runs Airbus, Russia's president said Saturday.Comment
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EADS co-chief executive Philippe Camus on Thursday condemned what he called a "pathetic" campaign against him by supporters of Airbus SAS boss Noel Forgeard, who was nominated last month to replace Camus at the helm of the European aerospace giant.