Airbus SE plans to renew CEO Guillaume Faury and announces Lars Wagner as the new head of Commercial Aircraft, succeeding Christian Scherer.
AMSTERDAM – The Board of Directors of Airbus SE will propose to the shareholders at the 2025 Annual General Meeting the renewal of Guillaume Faury as Executive member of the Board and Airbus Chief Executive Officer.
The company is also announcing management transition steps in its Commercial Aircraft business. Lars Wagner, currently the CEO of MTU Aero Engines AG, based in Munich, has been selected to join the Airbus Executive Committee, after finalising his term at MTU, to become the successor of Christian Scherer as CEO of the Commercial Aircraft business.
“Christian and I are excited to have Lars Wagner, such a talented industry leader, coming back to the Airbus family in this key role,” said Airbus CEO Guillaume Faury. “Christian remains at the helm of the Commercial Aircraft business, supported by a great team, until the transition to Lars. Christian and I will continue to work closely together for the success of Airbus in the dynamic and complex environment we are operating in.”
“We have a clear plan for our Commercial Aircraft business and after 40 years at Airbus, I remain committed to the success of the company,” said CEO Commercial Aircraft Christian Scherer. “I believe that Lars, whom I have known for a long time, is the natural choice for Airbus as my successor. I very much welcome his nomination and look forward to working with him in this future transition.”
Guillaume Faury commented on Airbus SE consolidated financial results for the nine months ended 30 September 2024, “We saw strong demand across our product range in the first nine months of the year. The nine-month earnings reflect the level of commercial aircraft deliveries, a solid performance in helicopters and the charges in our space business recorded in the first half,” said Guillaume Faury, Airbus Chief Executive Officer. “We are constantly adapting to a complex and fast-changing operating environment marked by geopolitical uncertainties and specific supply chain challenges that have materialised in the course of 2024. We remain focused on our priorities, including ramping up commercial aircraft deliveries and transforming our Defence and Space division.”
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.
She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
