Mon, Dec 06, 2004
Will Step Down Next Year In Spat Over Coporate Leadership
The trouble with running a company like a marriage is the
intensity of the lovers' quarrels. So is the case with the European
aerospace consortium EADS.
Right now, the company, which also owns Airbus, is run by two
men -- Germany's Rainer Hertrich and Frenchman Philippe Camus.
French President Jacques Chirac reportedly wants to put just one
person in charge. Hertrich, according to the BBC, said, "EADS
should not be a springboard for personal ambition." This, in an
interview with the WirtschaftsWoche newspaper for an article that
will be published Thursday.
The idea of a single chief at the helm of EADS has also caught
the fancy of Airbus CEO Noel Forgeard, which did not escape
"I cannot comprehend that Noel
Forgeard, who accomplishes great things as head of Airbus, has such
little regard for the international image of the group," he said,
quoted by Reuters.
Of course, Forgeard has said in the past that he wouldn't mind
being that one person in charge of EADS.
The argument could be moot. German-based Daimler Chrysler owns a
30 percent stake in EADS and it wants things to remain just the way
Both Hertrich's and Camus's contracts expire next July. Hertrich
now says he won't renew.
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