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Trichet could become new EADS chairman: report
by Staff Writers
London (AFP) Dec 07, 2012

The chairman of European aerospace giant EADS may stand down in March with former European Central Bank president Jean-Claude Trichet as a possible replacement, Britain's Financial Times reported on Friday.

Arnaud Lagardere, 51, may step down at an extraordinary meeting of the Airbus owner's shareholders who will be asked to approve a new board of directors, the newspaper said citing three people familiar with the situation.

"However, these people added that no decisions had been made on the make-up of the new board, including its chairman," the Financial Times said.

The current chairman is chief executive of French industrial and media group Lagardere, which is planning to sell its entire stake in EADS by the end of 2013.

He became chairman in May but has repeatedly voiced his desire to leave EADS to focus Lagardere on its media and sports holdings.

Lagardere's 7.5 percent stake in EADS, which builds rocket and missile launchers, satellites, fighter aircraft and helicopters as well as owning the plane maker Airbus, was cut back under a share restructuring plan announced Thursday.

A deal to merge EADS with British defence group BAE Systems -- which would have created the world's biggest aerospace and defence company -- collapsed in October.


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EADS deal ends state grip, boosts shares and Daimler
Paris (AFP) Dec 06, 2012
German auto group Daimler slashed its holdings in aerospace giant EADS on Thursday, but EADS shares still surged higher, hours after France and Germany ended their grip on the boardroom and two months after the collapse of merger talks with BAE Systems. EADS director for strategy Marwan Lahoud described a share restructuring plan unveiled late on Wednesday and which ends the ability of the F ... read more

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