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Article: A380 delays spur shake-up at the top EADS co-chief and Airbus leader quit, but French-German balance remains
- Article from:
- International Herald Tribune
- Article date:
- July 3, 2006
- Author:
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Carter Dougherty
International Herald Tribune
07-03-2006
Noel Forgeard, the co-chief executive of EADS, stepped down Sunday as part of an executive shake-up at the company, a European aerospace giant. The resignation put an end to Forgeard's stint at the top after only a year but stopped short of imposing a thorough reorganization on the French-German management structure. Forgeard, of France, stepped aside amid intense criticism over delays in the production of the Airbus A380, a superjumbo jet, and his own sales of shares in EADS, or European Aeronautic Defense & Space. He will be succeeded by Louis Gallois, the head of France's state-owned railroad, SNCF. Gustav Humbert, the chief ...