Airbus' Strategic Pivot: Appoints Christian Scherer As CEO Of Commercial Aircraft Business

Nabaparna Bhattacharya

September 26, 2023

Airbus SE (OTC:EADSY) is undergoing a significant leadership reshuffle within its Executive Committee, primarily focusing on strengthening its Commercial Aircraft business in these challenging industry times.

The airplane behemoth appointed Christian Scherer as the CEO of the Commercial Aircraft business.

Christian Scherer was appointed Airbus Chief Commercial Officer in September 2018 and is a Company Executive Committee member. He is also heading Airbus International.

This move is designed to ensure a dedicated operational focus for this pivotal business unit, allowing Airbus CEO Guillaume Faury to channel his energies on the broader strategic, global, and transformational goals of Airbus.

Also Read: Airbus Gears Up For Major Leadership Shift At Key Commercial Aircraft Unit: Report

Historically, since 2019, Airbus has merged the leadership roles of the overarching company with its Commercial Aircraft business.

With the development, Airbus has now put itself on a clear trajectory in line with its purpose of 'Pioneering sustainable aerospace for a safe and united world.'

On this leadership transition, Faury commented, "Christian and I have been working hand in hand over the last five years and we will continue to do so in this new configuration."

Also See: Airbus Plans To Have Separate Boss For Plane Manufacturing Business: Report

Scherer remarked, "I'll put my passion and that of Team Airbus at the service of our customers to meet our operational objectives as we work to consolidate our success, continuously improve, and prepare the future of our products and services."

This new organizational structure will be implemented in the upcoming months, with a projected go-live date in project mode from January 1, 2024 onwards.

Read Also: Airbus Inks Pact With DG Fuels For US-Based SAF Plant, Boosts Sustainability

Price Action: EADSY shares closed lower by 0.61% to $32.60 on Friday.

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo Via Company

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