Airbus shareholders approve all resolutions at "2018 AGM"
Chu, Clamadieu and Obermann join Board
Amparo Moraleda reappointed to Board
Airbus shareholders passed all resolutions at its 2018 Annual General Meeting (AGM), including the appointment of three new independent non-executive directors to replace long-serving Board Members whose mandates expired at the close of the AGM.
Following the AGM’s approval, Victor Chu joins the Airbus Board of Directors for a term of three years. He replaces John Parker.
Jean-Pierre Clamadieu joins the Board and replaces Jean-Claude Trichet.
René Obermann replaces Hans-Peter Keitel on the Board.
The mandate of non-executive director Amparo Moraleda was renewed for three years at the meeting. Mandates of all other Board members were not subject to any decision at the AGM.
The industry has a policy of ‘staggered’ Board terms whereby one third of the 12 directors are reappointed or replaced every year to ensure a smooth transition and to be in line with best practices. This also avoids large block replacements at any single shareholder meeting.
At a Board Meeting following the AGM, Amparo Moraleda was appointed Chair of the Remuneration, Nomination and Governance Committee (RNGC), replacing John Parker. Jean-Pierre Clamadieu was appointed a Member of the RNGC as was non-executive Director Claudia Nemat who moves from the Audit Committee. Victor Chu and René Obermann were appointed Members of the Audit Committee.
The proposed 2017 dividend of € 1.50 per share was also approved at the AGM. This represents an 11 percent increase compared to 2016
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