Subscribe free to our newsletters via your
. Space Travel News .




AEROSPACE
Louis Gallois hands EADS reins to Tom Enders
by Staff Writers
Amsterdam (AFP) May 31, 2012


French aerospace executive Louis Gallois handed Thursday the reins of European group EADS over to German Tom Enders at a meeting marked by the notable absence of shareholder Arnaud Lagardere.

Gallois received warm applause as he thanked fellow EADS directors and personnel before taking questions from shareholders who were present at a general assembly in Amsterdam.

Enders, who has been chief executive of Airbus, EADS' main division, was named to the parent company's 11-member board along with Jean-Claude Trichet, former head of the European Central Bank.

The board was expected to hold a telephone conference during which Lagardere should be named chairman and Enders chief executive of the European Aeronautic Defence and Space Company.

Seven members of the EADS board did not show up for the annual meeting.

Lagardere is head of Sogeade, a structure that controls 22.35 percent of the capital in EADS, including a 7.5 percent stake owned by Lagardere and the rest which belongs to the French state.

He failed to show up for the annual meeting however, leaving outgoing EADS chairman Bodo Uebber to tell shareholders: "Arnaud Lagardere excused himself yesterday evening. He had important things to do. I'm sorry."

Lagardere spokesman Ramzi Khiroun told AFP: "Arnaud Lagardere is not at the general meeting as he still considers Bodo Uebber to be the chairman.

Until he (Lagardere) has been named, it is normal that Mr Uebber should preside" the shareholders meeting.

Lagardere, 50, is frequently absent from EADS board meetings, a source close to the company said.

Son of one of EADS' founders, Jean-Luc Lagardere, Arnaud has not hidden his lack of enthusiasm for the aerospace sector, or his desire to unload the stake he owns in EADS.

The Lagardere group's second representative on the EADS board, Dominique D'Hinnin, was also absent Thursday, as was another high-profile director, Indian steel tycoon Lakshmi Mittal.

Four other board members failed to show as well.

"They all excused themselves," Uebber said.

Lagardere was represented by Sogead director Norbert Giaoui.

EADS was created in 2000 through the merger of activities owned by Jean-Luc Lagardere with others within the German group DASA, owned by Daimler, and the Spanish company CASA.

EADS is now the second biggest aerospace and defence group in the world, after US rival Boeing.

The European conglomerate employs 133,000 people and manufactures Airbus passenger and military planes, Eurocopter helicopters, Ariane rockets and unmanned drone aircraft.

Sources within the company said that Fabrice Bregier of France would become the new head of Airbus.

.


Related Links
Aerospace News at SpaceMart.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








AEROSPACE
Flapping protective wings increase lift
Lund, Sweden (SPX) May 31, 2012
New research from Lund University in Sweden reveals the value of carrying two layers of wings around. The researchers studied dung beetles and the way their protective forewings actually function. These wings do not only protect but also help the beetles to lift off from the ground - albeit at a cost. The forewings of beetles, the elytra, are hardened structures which protect the insect's ... read more


AEROSPACE
SpaceX Dragon capsule splash lands in Pacific

US cargo ship on return voyage from space station

US cargo vessel prepares to leave space station

Once Upon a Time

AEROSPACE
Mars missions may learn from meteor Down Under

Waking Up with the Sun's Rays

NASA Funded Research Shows Existence of Reduced Carbon on Mars

Did Ancient Mars Have a Runaway Greenhouse?

AEROSPACE
UA Lunar-Mining Team Wins National Contest

NASA Lunar Spacecraft Complete Prime Mission Ahead of Schedule

NASA Offers Guidelines To Protect Historic Sites On The Moon

Neil Armstrong gives rare interview - to accountant

AEROSPACE
Beyond Pluto And Exploring the Kuiper Belt

Uranus auroras glimpsed from Earth

Herschel images extrasolar analogue of the Kuiper Belt

New Horizons on Approach: 22 AU Down, Just 10 to Go

AEROSPACE
Venus transit may boost hunt for other worlds

NSO To Use Venus Transit To Fine-Tune Search For Other Worlds

Newfound exoplanet may turn to dust

Cosmic dust rings no guarantee of planets

AEROSPACE
J-2X Engine Continues to Set Standards

Liquid Oxygen Piston Pump Ready for Reusable Space Flight

Pictures show N. Korea rocket launch upgrade

Internet entrepreneur hits paydirt in space, autos

AEROSPACE
China launches telecommunication satellite

Tiangong 1 Ready To Meet Shenzhou 9

Sri Lanka plans to launch its first satellite in 2015

When Will Shenzhou 9 Be Launched

AEROSPACE
Rosetta flyby uncovers the complex history of asteroid Lutetia

OSIRIS-REx Scientists Measure Yarkovsky Effect

NASA Scientist Figures Way to Weigh Space Rock

Asteroid Nudged by Sunlight: Most Precise Measurement of Yarkovsky Effect




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement