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Article: Agreement said to be reached on EADS chiefIn apparent setback for Sarkozy, Daimler will pick sole leader
- Article from:
- International Herald Tribune
- Article date:
- July 7, 2007
- Author:
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Nicola Clark
International Herald Tribune
07-07-2007
In an apparent setback for the new French president, Nicolas Sarkozy, who has been seeking to expand French influence at EADS, the main private shareholders at the aeronautics and military group - and parent company of Airbus - have reached a deal that would see a German become the sole chief executive, people with knowledge of the negotiations said Friday. The deal to streamline the group's dual, French-German management structure would give DaimlerChrysler, the main German shareholder, the right to name the chief executive. The chairman would be nominated jointly by Lagardere and the French government, these people said on condition of ...