Airbus picks sales chief Scherer to run jetmaking arm -sources
By Tim Hepher
PARIS (Reuters) -Airbus is appointing sales chief Christian Scherer as head of its core planemaking business in its biggest management revamp for years, as it juggles supply pressures with challenges in defence and space, industry sources said.
The move, to be announced within days, frees CEO Guillaume Faury to focus on broader strategy after four years of doubling up as planemaking boss, notably during the pandemic.
Reuters revealed the plans to reorganise in July and this month Scherer, an Airbus veteran currently serving as chief commercial officer, emerged as one of the main candidates to run the jetmaking arm, which accounts for 70% of revenue.
Airbus declined to comment.
The shake-up leaves some room for further gradual renewal of operational leadership amid possible retirements, said the sources, who declined to be named as the talks are confidential. The board has said it is focused on succession planning.
Airbus reorganisations are more sensitive than most because of a history of friction between founders France and Germany. Since 2019, Faury has run the group and its largest segment.
Scherer's appointment heralds broad continuity inside the world's largest jet producer, which competes with Boeing (NYSE:BA).
But it also restores a system of separate leaders at the group and airplane business, which was abandoned in 2019 after a politically charged power battle between Fabrice Bregier and CEO Tom Enders, both of whom eventually stood down.
Governance concerns have cooled under Faury, whose tenure has been dominated by the response to worldwide groundings during the pandemic followed by a snapback in demand, as well as a drive towards industrial transformation and decarbonisation.
Still, the
Read more on investing.com
