Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Airbus defence, technology chiefs leave in executive shake-up

Published 04/12/2021, 12:25 PM
Updated 04/12/2021, 12:30 PM
© Reuters. FILE PHOTO: FILE PHOTO: The Airbus logo pictured at the company's headquarters in Blagnac near Toulouse

PARIS (Reuters) - Airbus said on Monday its defence and technology chiefs were leaving the company, triggering the biggest shake-up in its top ranks since Chief Executive Guillaume Faury took the helm two years ago.

Dirk Hoke, head of the Airbus Defence & Space division, and Chief Technology Office Grazia Vittadini will both step down on July 1, the company said in a statement.

Hoke, who has been leading efforts to co-develop a European fighter with France's Dassault Aviation, will be replaced in the top defence spot by production chief Michael Schoellhorn, whose role as chief operating officer will be filled by military aircraft boss Alberto Gutierrez.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.