Friday, December 15, 2017

Business: More Turbulence for Airbus

Airbus said Chief Executive Tom Enders would depart in 2019 and the company's No. 2, Fabrice Brégier, would leave next year, in a major upheaval at the European plane maker.

The moves come after weeks of speculation about potential changes in the top ranks as Airbus undergoes its most severe crisis in more than a decade. Airbus faces unprecedented executive turnover and is facing corruption allegations and other regulatory scrutiny in multiple countries including the U.S., France, the U.K. and Germany.

The contract of Mr. Enders, 59, expires in April 2019 and he won't seek an extension, the Toulouse, France-based company said. Mr. Brégier, 56, will leave next February and be replaced by Guillaume Faury, 49, who runs the company's helicopter operations.

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