Both Boeing and Airbus have come to the Paris Air Show without permanent leaders. EADS has missed its target of June 1 to find a successor for Nöel Forgeard at Airbus and to complete its own management restructuring. Forgeard in effect still acts as CEO of Airbus while serving alongside Thomas Enders as co-chief executives of EADS.
EADS plans to appoint a British board member in the event BAE Systems goes forward with its sale of its 20-percent stake in the European conglomerate, company co-CEOs Louis Gallois and Tom Enders confirmed here during a morning press conference yesterday. Nevertheless, Enders made it clear that he has grown tired of the nationalistic politics that seem so fundamental to any discussion about the composition of EADS and its board.
EADS executives can talk all they want about refusing to allow the Farnborough airshow to dictate the timing of their decisions, but in their current predicament they simply don’t enjoy the luxury of ignoring the opportunity to claw back some credibility here this week.
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