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Tom Enders and Louis Gallois to jointly lead EADS


Amsterdam, (AIRBUS) - The two CEOs of EADS – Tom Enders and the newly appointed Louis Gallois – are refocusing the company on its operational business. “Due to the management difficulties of recent weeks and the A380 crisis EADS’ reputation is at stake. We’ll have to regain the trust of our customers, investors and – not least – our employees in the management, the strategy and the products of EADS”, said the two CEOs. “We’ll work hard and we’ll work jointly to bring EADS back on course."

“Our immediate priority is Airbus. We need to stabilize the A380 and we need to move ahead with our product strategy, our resources, our processes and the industrial set up. Christian Streiff, our new Airbus CEO, will drive this agenda, with our full corporate support and attention,“ underlined the two CEOs and added, that further changes in the way of managing Airbus and EADS are under review and will be decided as soon as possible.

“This is a tall agenda”, the CEOs acknowledged, “but we believe in the great potential of the company, its employees, products, and technologies. The most recent market successes, particularly the important win of the LUH program in the U.S. this weekend, serve as a reminder of what an EADS going fully global can accomplish.”

According to Enders and Gallois, the recent crisis has shown that EADS has to overcome national boundaries, if the Group’s future success shall not be endangered. “The principle ‘the best man for the job’ has lead us to the appointment of Christian Streiff as new Airbus CEO. We will make sure, that performance and leadership are the decisive principles for all management levels within EADS”, the CEOs said.

EADS is a global leader in aerospace, defence and related services. In 2005, EADS generated revenues of € 34.2 billion and employed a workforce of about 113,000. The EADS Group includes the aircraft manufacturer Airbus, the world's largest helicopter supplier Eurocopter and the joint venture MBDA, the international leader in missile systems. EADS is the major partner in the Eurofighter consortium, is the prime contractor for the Ariane launcher, develops the A400M military transport aircraft and is the largest industrial partner for the European satellite navigation system Galileo.

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