SCHIPHOL-RIJK (dpa-AFX) - Airbus Group (EADSF.PK, EADSY.PK) Friday said it has further integrated by merging Group structure, earlier EADS, with its largest division Airbus Commercial Aircraft into a new entity.
The new entity will be led by Chief Executive Officer CEO Tom Enders. Fabrice Bregier, currently Chief Executive Officer of Airbus unit, will become Chief Operating Officer and President Airbus Commercial Aircraft.
As COO, Bregier will have group-wide responsibilities for reshaping digital operations.
Enders said, 'The merger of Airbus Group and Airbus paves the way for an overhaul of our corporate set- up, simplifies our company's governance, eliminates redundancies and supports further efficiencies, while at the same time driving further integration of the entire Group. The other two divisions, Defence and Space led by Dirk Hoke and Helicopters led by Guillaume Faury, remain integral parts of the Group...'
The Board of Directors approved a respective proposal by the company's CEO Tom Enders.
The details of the merger and its resulting impacts are now subject to discussions with the social partners on Group, national and divisional level.
The merger provides the opportunity to introduce a single Airbus brand for the Group and all its entities, effective January 2017.
The company noted that the latest efforts are the continuation of its previous integration and normalisation steps. In 2012, the company combined the Human Resources and Finance departments of both Airbus Group, then EADS, and Airbus. The Group also relocated its headquarters to Toulouse.
Copyright RTT News/dpa-AFX