CEO of Airbus to step down

Airbus changes pilots as corruption clouds gather

Airbus changes pilots as corruption clouds gather

Airbus SE yesterday confirmed a top management shake-up, following weeks of turmoil at the European planemaker.

It follows weeks of speculation about potential changes amid turmoil at the planemaker, which is facing corruption allegations and investigations in several countries, including France, Germany, the United Kingdom and the US. Instead, Bregier himself will be replaced by Guillaume Faury, now chief executive of Airbus Helicopters, the BBC reports.

Airbus Chief Executive Tom Enders, who is stepping down in 2019, urged employees on Friday to allow the board to pick his successor without being distracted by speculation about who would replace him.

More news: Charlotte-based Snyder's-Lance is considering selling itself
More news: Is this Microsoft's foldable Surface gadget?
More news: Firefighters Wary Despite Gains Against California Fire

Bregier is leaving in February 2018, having told the board he would not seek the CEO position in 2019, Airbus said earlier.

The change in leadership would occur as the company is grappling with corruption investigations in Europe and has warned of potential fines as the result of its use of middlemen in airplane sales.

Enders, who turns 59 on Thursday, has warned the probes might lead to "significant penalties" and has been trying to convince investigators in France and the United Kingdom that Airbus is serious about reining in improprieties as it works to get past controversy. In October, it also disclosed that it had uncovered inaccuracies in reports of USA arms technology sales.

Recommended News

  • Our First Look At Titan's Superpowered Duo Hawk And Dove

    Our First Look At Titan's Superpowered Duo Hawk And Dove

    Titans is a dramatic, live-action adventure series that will explore and celebrate one of the most popular comic book teams ever. If they're received well, they could even spin off to their own show on Warner Bros.' still-in-development DC streaming service.
    United States  says North Korea must earn its way to negotiations

    United States says North Korea must earn its way to negotiations

    The Council has struggled to contain North Korea as the country continues to violate sanctions-backed United Nations calls on. Trump's remarks follow comments from Secretary of State Rex Tillerson at the UN Security Council (UNSC) earlier on Friday.
    Give the Christmas Spirit at a Purple Kettle Close to You!

    Give the Christmas Spirit at a Purple Kettle Close to You!

    The Salvation Army is in serious need of toy donations as part of its Angel Tree program for kids this Christmas . Days after finding their first gold coin of the season, the Salvation Army - Alton Corps has struck gold again.
  • Delta might place order for 100 Airbus A321neo jets

    Delta might place order for 100 Airbus A321neo jets

    This latest order follows Delta's selection of GTF-powered Bombardier C Series aircraft in April 2016. The Canadian government and Bombardier have denied being involved in unfair trade practices.
    Signs pointing to Tyrod as Sunday's starter

    Signs pointing to Tyrod as Sunday's starter

    According to the New York Times' postseason simulator , the Bills now own a 25 percent chance of qualifying for the playoffs. For now, though, the Bills need to focus exclusively on coming out of Week 15 with a win.

    Walker's City move could tempt other Spurs players - Pochettino

    If City beat Spurs they will have beaten each of their top six rivals from last season to underline their title credentials. Injury concerns: Victor Wanyama (knee) and Toby Alderweireld (hamstring).
  • Longtime Reds shortstop Zack Cozart signs with Los Angeles Angels

    Longtime Reds shortstop Zack Cozart signs with Los Angeles Angels

    The Los Angeles Angels have stolen the show this offseason as they continued to add to their impressive collection on Friday. For most of Cozart's career, he was a glove-first shortstop, whose bat always seemed to offer the hope of more.
    Director Peter Jackson Confirms Weinstein Derailed Careers Of Accusers

    Director Peter Jackson Confirms Weinstein Derailed Careers Of Accusers

    However, Weinstein and his brother Bob retained executive producing credits for the three LOTR installments. She says she approached Weinstein about working on Frida for Miramax and "he had said yes". "Mr.
    Get a first look at the much-anticipated return of Roseanne

    Get a first look at the much-anticipated return of Roseanne

    The revival will "explore life, death and everything in between", according to the news release announcing its premiere date. Becky was also played by Sarah Chalke and she was featured in the new image - although her role has yet to be revealed.
  • Trump Blasts

    Trump Blasts "Tattered" FBI Shortly Before Giving A Speech At Quantico

    As part of his plea agreement, Flynn is now cooperating with Special Counsel Robert Mueller's investigation. With this in mind, Donald Trump made some news this morning from the South Lawn of the White House.
    Erdogan: Turkey launching United Nations  initiatives to annul US Jerusalem move

    Erdogan: Turkey launching United Nations initiatives to annul US Jerusalem move

    Erdoğan at the summit called on nations to officially acknowledge that Jerusalem is "the occupied capital of Palestine ". The status of Jerusalem is among the core issues related to the moribund Israeli-Palestinian peace process.
    Catholic Church 'should end clergy celibacy', says Australia commission

    Catholic Church 'should end clergy celibacy', says Australia commission

    The commission's findings follow numerous allegations of sex abuse by Catholic priests in Australia in recent years. It focused on how the church and other institutions responded to child sex abuse in Australia.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.