European planemaker Airbus has unveiled a shake-up of its top management team.
Chief executive Tom Enders will not seek re-election when his term expires in 2019, the company said.
Meanwhile, Fabrice Bregier, chief operating officer along with head of the commercial aircraft arm, will step down in February.
Guillaume Faury, currently chief executive of Airbus Helicopters, will succeed Mr Bregier as president of the main commercial aircraft division.
Mr Bregier had long been seen as the natural heir to Mr Enders, although there have been reports of tensions between the two. Plans to find an successor to Mr Enders are underway, Airbus said.
The company can be already about to lose its chief salesman of 20 years, John Leahy, who can be retiring.
Airbus said the board had acted to secure an orderly succession at the globe’s second-largest planemaker, which has been beset by rivalries along with abrupt adjustments inside the past.
“We are confident we have taken the right decisions to ensure Airbus’ long-term stability along with future success along with we fully support Tom Enders to lead Airbus through This specific generational handover with our full support,” said chairman Denis Ranque.
Analysis: Theo Leggett, business correspondent
Airbus can be not bad at building along with selling aeroplanes. although the item’s also remarkably not bad at management intrigue as well.
inside the past, This specific tended to be the result of a continual power struggle between French along with German factions within the company. Airbus can be seen as an industrial champion by both countries, along with competing influences had to be balanced carefully.
although on This specific occasion, the problem appears to have been a clash of personalities – albeit between a Frenchman along having a German.
Fabrice Bregier, the chief operating officer, was widely believed to want the top job. Thomas Enders, the group chief executive, kept him firmly in check – along with in a recent restructuring reduced his control over the flagship commercial aircraft division.
Mr Bregier lost which power struggle – along with will today leave in February. although Mr Enders can be also going to move on, albeit in 2019.
He has come under pressure over his handling of corruption allegations against the group, which have triggered investigations in several countries.
the item seems there’s a desire for fresh blood at the top of Airbus, to give fresh guidance to the business – along with if necessary negotiate settlements as well.