Airbus to renew CEO term, names commercial chief's successor-February 2024-www.financetom.com

Airbus to renew CEO term, names commercial chief's successor

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Airbus to renew CEO term, names commercial chief's successor

Nov 3, 2024 3:06 PM

PARIS, Oct 30 (Reuters) - Airbus said on

Wednesday its board would propose to shareholders a third term

for CEO Guillaume Faury when his current three-year mandate

expires in 2025.

The world's largest planemaker also said it had chosen MTU

Aero Engines CEO Lars Wagner to be the designated

successor to planemaking head Christian Scherer.

MTU earlier said that Wagner would leave the company when

his contract expires on Dec. 31, 2025, to pursue an opportunity

elsewhere.

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