European Aeronautic Defence and Space Company EADS N.V.: EADS Board of Directors announces future top management appointments and Board composition

European Aeronautic Defence and Space Company EADS N.V.  / Key word(s):
Change of Personnel

26.01.2012 17:40

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Ad-hoc release, 26 January 2012

EADS Board of Directors announces future top management appointments and
Board composition

The EADS Board of Directors has met today for one of its regularly
scheduled meetings in Amsterdam. During this meeting the following
decisions have been taken:

Chairman and CEO

EADS N.V. announces that its Board of Directors has designated Tom Enders
to take over the role of CEO when Louis Gallois steps down at the end of
his mandate.

Concurrently, Arnaud Lagardère will assume the role of Chairman of the
Board presently held by Bodo Uebber.

The change-over was prepared diligently by the Board and results from the
application of the succession process under the governance of EADS, which
was updated in October 2007. It will take place after the company's Annual
General Meeting (AGM) on 31 May, 2012. These new mandates carry a five-year
term.

Bodo Uebber, the Chairman of the Board, said: 'Today's decisions mark a
very important milestone in the development of EADS. Having clarity about
the Board and management positions enables EADS to build a bright future
for the long term on solid foundations. I am very pleased and proud with
the overall composition of the Board of Directors and with the appointments
to the management team, especially with its multi-national character. I
know that my successor Arnaud Lagardère and all of us share the same strong
interest and ambitions for EADS.'

EADS CEO Louis Gallois stated: 'The management is grateful that the Board
has taken these wide-ranging decisions, in a dispassionate climate, and
timely to facilitate a professional transition. Tom Enders not only has a
wide range of experience across our businesses, but strong leadership
skills and charisma with an established track record. I am sure that he
will extend his vision for EADS in the best interest of all its
stakeholders and in particular of the great community of employees working
together across our nations.'

Sir John Parker, Chairman of the Remuneration and Nomination Committee,
concluded: 'It was with great satisfaction that through our succession
planning process we have found such a wealth and breadth of talents inside
EADS. We chose the right person for each of the open positions, to rise to
the upcoming strategic challenges facing this Group, and maintain its hard
earned leadership positions. It is regrettable that this generation of
management could not yet incorporate female appointments, but I feel
comforted that the next wave is showing some very promising prospective
candidates for subsequent rounds of succession.'

Other top management positions

Following the recommendations of the Remuneration and Nomination Committee,
the Board also announces further evolutions of the management team
effective 1 June, 2012:

  - Fabrice Brégier will succeed Tom Enders and become CEO of Airbus, EADS'
    largest division, and Günter Butschek, presently Head of Operations of
    Airbus will be affected to the position of COO of Airbus.

  - Harald Wilhelm will become Chief Financial Officer (CFO) of EADS,
    alongside his present role as CFO of Airbus, following the request of
    Hans Peter Ring to retire from the company and pursue other objectives.
    Hans Peter Ring will be preparing his successor for this transition
    over the next months, and will remain close to him as a senior advisor
    until the end of 2012.

  - Marwan Lahoud, whose mandate comes up for renewal, is reappointed as
    Chief Strategy and Marketing Officer (CSMO).

  - Thierry Baril will assume the role of Head of Human Resources (HR) for
    EADS; he will retain his duties as Head of Airbus HR together with his
    expanded responsibility. Jussi Itävuori leaves the company after ten
    years as Head of HR for EADS. He continues to represent EADS in the
    Board of Directors of Patria in Finland.

Board of Directors

As for the Board of Directors, most current Board members will stand for
re-appointment, carrying the experience gained over the last five years
into the new Board. The following names will be proposed for appointment by
the AGM:

  - Arnaud Lagardère, 50, Managing Partner of Lagardère SCA;

  - Tom Enders, 53, Chief Executive Officer of Airbus SAS;

  - Hermann Josef Lamberti, 55, Member of the Management Board of Deutsche
    Bank AG;

  - Sir John Parker, 69, Chairman of Anglo American PLC;

  - Michel Pébereau, 70, Honorary President of BNP Paribas;

  - Lakshmi Mittal, 61, Chairman and Chief Executive Officer of
    ArcelorMittal;

  - Bodo Uebber, 52, Member of the Management Board of Daimler AG;

  - Wilfried Porth, 52, Member of the Management Board of Daimler AG;

  - Dominique D'Hinnin, 52, Co-Managing Partner of Lagardère SCA;

  - Jean-Claude Trichet, 69, Former President of the European Central Bank;

  - SEPI, the Spanish state holding company, will provide the name of the
    director representing it in the coming weeks.

Juan Manuel Eguiagaray and Rolf Bartke have chosen not to stand for
reappointment.

About EADS

EADS is a global leader in aerospace, defence and related services. In
2010, the Group - comprising Airbus, Astrium, Cassidian and Eurocopter -
generated revenues of EUR 45.8 billion and employed a workforce of nearly
122,000.

Contacts:

Alexander Reinhardt +49 (0) 171 765 0320 

Martin Agüera  +49 (0) 175 227 4369 

Matthieu Duvelleroy +33 (0) 142 242 425

Philipp Lehmann +49 (0) 89 607 34 287

www.eads.com


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Language:     English
Company:      European Aeronautic Defence and Space Company EADS N.V.
              P.O. Box 32008
              2303 DA Leiden
              Netherlands
Phone:        00 800 00 02 2002
Fax:          +49 (0)89 607 - 26481
E-mail:       ir@eads.net
Internet:     www.eads.com
ISIN:         NL0000235190
WKN:          938914
Indices:      MDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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