EADS Board of Directors decides new appointments for Airbus and Eurocopter and increases transparency
- Fabrice Brégier appointed Airbus Chief Operating Officer (COO)
- Hans Peter Ring appointed Airbus Chief Financial Officer (CFO)
- Lutz Bertling appointed President and CEO of Eurocopter
- Reinforced reporting to the EADS Board of Directors
Amsterdam, 31 October 2006
Fabrice Brégier
Dr. Lutz Bertling
The EADS Board of Directors has appointed Fabrice Brégier (45) as Airbus Chief Operating Officer (COO) with immediate effect. Fabrice Brégier remains a member of the EADS Executive Committee.
To further improve transparency within the Group, the EADS Board has appointed EADS CFO Hans Peter Ring (55) as Airbus CFO effective 1 January 2007. Hans Peter Ring will remain CFO of EADS. Andreas Sperl (59), CFO of Airbus, will move to another operational function within the EADS Group.
The EADS Board has decided that the EADS CEOs Tom Enders and Louis Gallois will regularly report on all major projects, programmes, and matters of importance – including Airbus – to the two EADS Chairmen Manfred Bischoff and Arnaud Lagardère to better prepare Board discussions and decisions. This does not change the joint responsibility of the two CEOs for all EADS businesses, or the powers of the Board.
“These changes in the management structure are further steps to improve the corporate governance and increase efficiency within the Group”, said the EADS Chairmen Manfred Bischoff and Arnaud Lagardère.
Airbus CEO Louis Gallois and Fabrice Brégier will form the “Airbus President’s Office”.
Prior to assuming the Airbus COO position Fabrice Brégier had been President and CEO of Eurocopter since 2003 and a member of the EADS Executive Committee as Head of EADS' Eurocopter Division since June 2005.
Previously, he was CEO of MBD (1998-2001) and MBDA (2001-2003), the international leader in missile systems.
Lutz Bertling (44) has been appointed to succeed Fabrice Brégier as President and CEO of Eurocopter and to join the EADS Executive Committee with immediate effect. He will report to EADS CEO Tom Enders. Bertling had served as Executive Vice President Governmental Helicopters from 2003 and was appointed CEO of Eurocopter Deutschland in April 2006. He had joined the Military Aircraft Business Unit of the EADS predecessor DaimlerChrysler Aerospace as Vice President Augsburg Plant and Aerostructure Programmes in 1999.
EADS is a global leader in aerospace, defence and related services. In 2005, EADS generated revenues of € 34.2 billion and employed a workforce of about 113,000. The EADS Group includes the aircraft manufacturer Airbus, the world's largest helicopter supplier Eurocopter and the joint venture MBDA, the international leader in missile systems. EADS is the major partner in the Eurofighter consortium, is the prime contractor for the Ariane launcher, develops the A400M military transport aircraft and is one of the largest industrial partners for the European satellite navigation system Galileo.
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