Airbus CEO To Step Down In 2019, Know Why
European multinational corporation Airbus that designs, manufactures, and sells civil and military aeronautical products worldwide recently said that its CEO Tom Enders will step down from his post in April 2019.
Airbus is now preparing for a complete transition of its top management with the departure of two seniors as the planemaker grapples with corruption allegations.
The company said Enders, who will have been at the helm of Airbus and defense firm EADS for 14 years, won't seek another term.
The 59-year-old was quoted Friday as saying Airbus needs "fresh minds for the 2020s" and he would use the remainder of his time to ensure a smooth transition and to strengthen the company's ethics and compliance programs.
While Enders will be stepping down when his term ends in 2019, A...