Airbus Group SE / Key word(s): Miscellaneous
30.09.2016 08:00
Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Ad-hoc release, 30 September 2016
Airbus Steps Up Integration
- Merging Group and Commercial Aircraft into new entity
- Simplifying governance and driving efficiency
- New entity and Divisions branded Airbus as of 1 January 2017
Airbus Group (stock exchange symbol: AIR) further integrates by merging
its Group structure with its largest division Airbus Commercial Aircraft
into a new entity. Last night, the Board of Directors of Airbus Group
approved a respective proposal by the company's Chief Executive Officer
(CEO) Tom Enders.
"Already in July, we launched a transformation programme that is heavily
focused on digitalisation of the company's core processes and tools," Tom
Enders said. "It will impact the way the company and its employees will
work and the way we organise Airbus in the future. Lean structures and
speedy decision-making are prerequisites for the success of digital
transformation. The merger of Airbus Group and Airbus paves the way for an
overhaul of our corporate set- up, simplifies our company's governance,
eliminates redundancies and supports further efficiencies, while at the
same time driving further integration of the entire Group. The other two
divisions, Defence and Space led by Dirk Hoke and Helicopters led by
Guillaume Faury, remain integral parts of the Group and will derive
considerable benefit from the merger through more focused business support
and reduced costs."
The new entity will be led by CEO Tom Enders. Fabrice Brégier will become
Chief Operating Officer (COO) and President Airbus Commercial Aircraft. As
COO, Brégier will have group-wide responsibilities, inter alia for
reshaping digital operations - the core part of the group's transformation
programme - as well as for global supply chain and quality.
"We are bringing Team Airbus closer together, recognizing that our
Commercial Aircraft Division is by far the largest contributor to our
company's revenues and financials. We are committed to delivering the next
level of performance by, for example, further streamlining our corporate
structures and establishing a simpler and leaner organization overall with
less bureaucracy, closer collaboration and faster processes," explained Tom
Enders.
The details of the merger and its resulting impacts are now subject to
discussions with the social partners on Group, national and divisional
level.
The merger provides the opportunity to introduce a single Airbus brand for
the Group and all its entities, effective January 2017.
These latest efforts are the continuation of a number of integration and
normalisation steps, which Airbus has taken in recent years: In 2012, the
company combined the Human Resources and Finance departments of both Airbus
Group (then EADS) and Airbus. The Group also relocated its headquarters to
Toulouse. In 2013, the Group fundamentally reshaped its corporate
governance and shareholder structure, moving away from a Franco-German
joint venture to a fully independent Board of Directors and a free-float of
more than 70 percent. Subsequent steps brought the company's rebranding
(EADS became Airbus Group) and the Group-wide integration and streamlining
of additional functions.
*****
About Airbus Group
Airbus Group is a global leader in aeronautics, space and related services.
In 2015, the Group - comprising Airbus, Airbus Defence and Space and Airbus
Helicopters - generated revenues of EUR 64.5 billion and employed a
workforce of around 136,600.
Contacts:
Martin Agüera +49 (0)175 227 4369
Stefan Schaffrath +33 (0)561 934 299
Rod Stone +33 (0)531 085 826
30.09.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Airbus Group SE
P.O. Box 32008
2303 DA Leiden
Netherlands
Phone: 00 800 00 02 2002
Fax: +49 (0)89 607 - 26481
E-mail:
Internet: www.airbusgroup.com
ISIN: NL0000235190
WKN: 938914
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of Announcement DGAP News-Service
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DGAP-Adhoc: Airbus Group SE: Airbus Steps Up Integration
| Source: EQS Group AG