European defence and aerospace group Airbus announced a plan for a transition to a new top level leadership team on 15 December, with both chief operating officer (COO) and chief executive officer (CEO) announcing the dates of their departure from the company.
However, while COO and President of Airbus Commercial Aircraft Fabrice Brégier will step down in February 2018 to “pursue other interests”, CEO Tom Enders will continue to serve in the role until the company’s 2019 Annual Shareholders Meeting.
In a statement released by Airbus Enders said, “The privilege of serving this great company comes with a responsibility to support a smooth succession when the time is ripe.
Want to read more? For analysis on this article and access to all our insight content, please enquire about our subscription options at ihs.com/contact