Posted on 10/09/2006 10:51:58 AM PDT by Righty_McRight
PARIS - Airbus chief executive Christian Streiff resigned Monday after a little more than three months as head of the troubled European plane maker and parent company EADS named one of its own co-CEOs to replace him.
European Aeronautic Defence and Space Co. said in a statement Louis Gallois will succeed Streiff in the top job at Airbus while continuing in his current role as joint head of the Franco-German defense group.
Streiff's departure deals a fresh blow to Airbus as it struggles to limit the damage from a costly two-year delay to the heralded A380 superjumbo jet.
The 52-year-old former Saint-Gobain executive took over as Airbus CEO just over three months ago, replacing Gustav Humbert — who was ousted along with EADS co-CEO Noel Forgeard as a result of the A380 production problems.
As part of the latest executive reshuffling, EADS' German co-CEO Tom Enders will no longer have direct managerial responsibility for Airbus, the EADS announcement said.
EADS owns 80 percent of Airbus and is tightening up supervision of the jet unit as it acquires the remaining 20 percent from Britain's BAE Systems PLC.
Shares in European Aeronautic Defence and Space Co. closed 1.3 percent lower at 20.16 euros ($25.41) in Paris ahead of the announcement.
Airbusted!!!!!
Wow! That didn't take long!
He would have to be very good to make such a mess in three months. I suspect he resigned because he found what a mess he inherited.
The directors of the firm hired to continue the design after the other people had been sacked, wish it to be known that they have just been sacked.The design has now been completed in an entirely different style at great expense and at the last minute.
Yep. Strieff probably took a good hard look at things and realized they're heading for a real disaster there, so he punched out.
}:-)4
He knew what needed to be done to right the ship and the guys at EADS just don't have the balls to let a real businessman do what is necessary. Instead the refuse to let him implement his changes and he has no choice but to resign. If you don't have control, why take responsibility.
WHO in their right mind would want to fly with 600 other people when there are soooo many CRAZIES???
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