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EADS underpins integration with uniform management of Human Resources

All Human Relations Functions Report to Jussi Itävuori

Amsterdam, 28 June 2001

EADS European Aeronautic Defence and Space Company has underpinned the integration of the company with its nomination of Jussi Itävuori as Head of the Human Resources Department. The position has just been created.

The 45-year-old Finn, who currently heads the Personnel and Communications Department at elevator manufacturer Kone, will take up his new duties on September 1, 2001. Itävuori studied business administration after military service as a pilot in the Finnish Air Force. He is married and has two children.

As Group Vice President, Itävuori will assume responsibility for all human resource affairs and will report directly to the two Chief Executive Officers (CEOs) of EADS. Three national human resource officers in Germany, France and Spain as well as the executive management development officers will report to him. He will also be in charge of the Corporate Business Academy.

"With the appointment of Jussi Itävuori as head of Human Resources we are integrating the Human Resource Department under one single responsibility," comment Philippe Camus and Rainer Hertrich, the two CEOs of EADS. With pro forma revenues amounting to EUR 24.2 billion in 2000, EADS is the largest aerospace company in Europe and the third largest such company in the world. EADS was founded in July 2000 by the merger of the French Aerospatiale Matra, the Spanish CASA and the German DaimlerChrysler Aerospace (Dasa) and employs a workforce of over 100,000.

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