Aircraft

EADS has announced the resignations of co-CEO Noël Forgeard and Airbus CEO Gustav Humbert.

Forgeard will be replaced by French railway chief Louis Gallois – a former head of Snecma and Aerospatiale – but EADS’ German co-CEO Tom Enders remains in place.

Humbert is being replaced by Christian Streiff, formerly COO of Saint-Gobain Group.

In other moves, EADS adds: “In addition, the board resolved to closely integrate the Airbus Division into the organisational structure of EADS after finalisation of the acquisition of BAE Systems’ 20 percent stake in Airbus.

“Furthermore the Board resolved new responsibilities and reporting lines at the top management level: Christian Streiff (CEO of Airbus), Jean-Paul Gut (COO for marketing, strategy and global development), Ralph Crosby (chairman and CEO of EADS North America), and Francisco Fernández Sáinz (head of military transport aircraft divison) will report to Tom Enders. Hans Peter Ring (CFO), François Auque (head of Space Division), Fabrice Brégier (head of Eurocopter Division), and Stefan Zoller (head of Defence and Security Systems Division) will report to Louis Gallois. Jean Botti (Chief Technical Officer) and Jussi Itävuori (Head of Human Resources) will report to both CEOs.”

More details  to follow.