Airbus reshuffles its top executives
The plan maker’s two most senior executives are set to leave as part of the overhaul, as the company grapples with corruption allegations
London/Paris — Airbus announced a complete overhaul of its top management, with the two most senior executives set to depart as the European plane maker grapples with corruption allegations. CEO Tom Enders planned to step down when his term ended in April 2019, while chief operating officer Fabrice Bregier was set to leave in February, the Toulouse, France-based company said Friday in a statement. Guillaume Faury, CEO of the helicopters business, would take over Bregier’s role as head of the commercial plane-building unit, putting him in line to take over the top job when Enders retires. "It’s been a long and exciting journey but now is the time to initiate a leadership change," Enders said in the statement. The shake-up is being carried out amid ongoing bribery investigations related to the use of middlemen in military and commercial airplane sales. Enders, who turns 59 on December 21, has warned the probes may lead to "significant penalties" and has been trying to convince investi...
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