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Airplanes-helicopters and roles. Airbus BoD announces top management succession plan

Amsterdam, Holland - Tom Enders seeks no further mandate beyond April 2019; Fabrice Brégier to step down in February 2018 and Guillaume Faury to succeed Fabrice Brégier

The Board of Directors (BoD) of Airbus has decided on a series of executive changes that ensure an orderly succession in the executive leadership of the industry. Tom Enders (59) has advised the Board that he does not wish to seek another term as Chief Executive Officer (CEO) beyond his current mandate which runs until the 2019 Annual Shareholders Meeting (April 2019). Fabrice Brégier (56), Airbus Chief Operating Officer (COO) & President Airbus Commercial Aircraft has indicated to the Board that, as he does not intend to be part of the selection process for the CEO position in 2019, he will step down in February 2018 and pursue other interests. Guillaume Faury (49), currently CEO of Airbus Helicopters, will succeed Fabrice in his role as President Airbus Commercial Aircraft. During 2018 the Board of Directors will assess both internal and external executives for the CEO role with a view to announcing Tom Enders’ successor in good time for confirmation at the "2019 AGM".
fra/pec - 1209105

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