Dassault Chief Edelstenne To Retire Next Month

 - December 6, 2012, 4:25 PM
Dassault Aviation chairman and CEO Charles Edelstenne will retire on January 9, when he turns 75, after being at the helm of the French aerospace group for some 12 years. A successor is expected to be named by the company “in the next few days.” (Photo: Cy Cyr)

Dassault Aviation is poised to name a successor to long-standing chairman and CEO Charles Edelstenne, who is due to retire on January 9 after more than half a century of service at the French aerospace group. A company spokesman told AIN today that an announcement of a successor will be made “in the next few days.”

According to a source at the aircraft manufacturer, the retirement, which coincides with Edelstenne’s 75th birthday, has been planned for some time and is in accordance with company statutes. Edelstenne joined Dassault in 1960 and eventually succeeded his mentor, Serge Dassault, as CEO in 2000. He has continued as chairman of the company’s information technology division, Dassault Systèmes, since 2002, having previously held this post, as well as being its CEO.

Names mentioned as possible successors by close sources reported in the French financial press have included Eric Trappier, the head of Dassault’s international division, and Loik Segalen, the company’s executive vice president for economic and social affairs.