Airbus to renew CEO term, names commercial chief's successor

MTU Aero Engines AG

30/10/2024 17:18

PARIS, Oct 30 (Reuters) - Airbus  AIR.PA  said on
Wednesday its board would propose to shareholders a third term
for CEO Guillaume Faury when his current three-year mandate
expires in 2025.
    The world's largest planemaker also said it had chosen MTU
Aero Engines  MTXGn.DE  CEO Lars Wagner to be the designated
successor to planemaking head Christian Scherer.
    MTU said earlier Wagner would leave the company when his
contract expires on Dec. 31 to pursue an opportunity elsewhere. 
  

 (Reporting by Tim Hepher, editing by Tassilo Hummel)
 ((tim.hepher@thomsonreuters.com; +33 1 49 49 54 52; Reuters
Messaging: tim.hepher.thomsonreuters@reuters.net))