by Staff Writers
Paris (SPX) Mar 31, 2017
Arianespace shareholders voted unanimously to convert the launch operator and subsidiary of Airbus Safran Launchers to an SAS (simplified joint-stock company) at the company's Annual General Meeting, held in Paris on Monday, March 27.
The modification aims to streamline and modernize Arianespace's governance to achieve greater responsiveness, facilitate relationships with industrial prime contractors, and be coherent with the new shareholder structure of Arianespace Participation.
The new legal form also comes with changes to the governance of Arianespace, allowing for more cohesive working coordination between the launch operator and its parent company, the Ariane launcher prime contractor. With these changes, Airbus Safran Launchers CEO, Alain Charmeau, also becomes Chairman of the Board of Directors of the holding company, Arianespace Participation. Stephane Israel, CEO of Arianespace SAS, and CEO of Arianespace Participation, joins the Executive committee of Airbus Safran Launchers as Director of Ariane 5 and Ariane 6 commercial launcher programs. This position had been held provisionally by Alain Charmeau.
"This evolution in governance is consistent with the steps taken since 2014 to streamline the European launcher industry. It places the entire industrial organization of Ariane 5, from production to marketing, under the sole responsibility of Stephane Israel, while preparing for the optimal development, production and commercialization of Ariane 6 for the benefit of Arianespace's customers" ,said Alain Charmeau.
Stephane Israel added: "With this new governance, Arianespace will be able to rely on its industrial prime contractor and biggest shareholder, Airbus Safran Launchers, to be even more responsive to customer needs and market developments. I would like to thank Alain Charmeau for his trust. The synergies I will strive to create between Arianespace and Airbus Safran Launchers will bring opportunities for all their teams. In this new configuration, Arianespace will further integrate operations with Avio/ELV for the success of Vega and confirms its commitment to Soyuz operations with its partner Roscosmos."
This change was submitted to ESA on 16 March after being approved by Arianespace staff representatives in February 2017.
Airbus Safran Launchers has held a 74% stake in Arianespace since 31 December 2016.
Paris (AFP) March 23, 2017
After three days of delays caused by worker strikes in French Guiana, rocket firm Arianespace opted Thursday to postpone indefinitely the launch of satellites for South Korean and Brazilian clients. At first scheduled for Tuesday, then the two following days, launch operators finally gave up and announced Thursday that the Ariane 5 rocket will remain grounded until further notice. The la ... read more
Airbus Safran Launchers
Rocket Science News at Space-Travel.Com
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement|