René Obermann will chair the aerospace company from 2020, signalling a Franco-German balance at its helm
Amsterdam — Airbus nominated a new German chair on Wednesday as Frenchman Guillaume Faury prepares to become its CEO, signalling that the Franco-German balance at its helm will extend through a sweeping management overhaul.
Airbus, which is facing multi-national investigations for suspected bribery, changed its rules in 2013 to become more independent of French and German governments, which each hold 11% of its shares. The announcement of his appointment came as German Tom Enders prepares to step down as CEO to be succeeded by current jet-making division CEO Faury.
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