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EADS crisis prompts possible management changes


EADS crisis prompts possible management changes


The fate of the joint-chief of EADS, Noel Forgeard, remains uncertain as Airbus’ parent company struggles with its management crisis caused by further delivery delays of its A 380 super jumbo planes.

Forgeard could see his job disappear as major shareholders Germany’s DaimlerChrysler and French conglomerate Lagardère reportedly want an end to the system of two chairmen and two CEOs.

French President Jacques Chirac did not directly criticise management, but did say: “There is a problem, which is the difficulty in management that EADS has experienced with its two chairmen and two chief executives. There is a problem, as we saw with the A380, the additional delays for the delivery of the A380, and with the A350, basically there are problems.”

The current dual management system at EADS is supposed to preserve a balance between the two main countries involved – Germany and France.

The German government has said it sees no need to change the company’s structure.

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