Airbus to unveil top finance\, operational executives -sources

Airbus to unveil top finance, operational executives -sources

Reuters  |  PARIS 

By Tim Hepher

PARIS (Reuters) - is poised to make top financial and operational appointments as tightens his grip after months of turmoil over corruption investigations and output delays, sources familiar with the matter said.

The European planemaker could announce a new German as early as Wednesday to take over from Harald Wilhelm, who announced in May that he would leave next spring at the same time as

It could also name a new operations boss to succeed Tom Williams, the of the main planemaking business, the sources said.

declined comment.

Williams, a Glasgow-born veteran troubleshooter and Airbus's unofficial UK ambassador, had agreed to postpone retirement until the end of the year to help tackle production delays but is likely to be succeeded by a German appointee in what could be seen as a blow to the profile of the company's UK arm ahead of Brexit.

also delayed his retirement until the end of the year.

reported last month that Airbus was close to naming a German from outside the group to replace fellow German Wilhelm after a board-driven management overhaul hastened his surprise resignation.

British and French authorities are investigating the use of middlemen in jetliner sales and Airbus says it is supplying information to U.S. authorities.

Wilhelm has not been accused of wrongdoing and it was he who initiated the planemaker's decision in 2014 to halt a decades-old system of middlemen supporting jet sales.

But sources have said that his departure reflects a clearout designed to help Airbus to win more lenient judicial settlements by presenting a fresh face to investigators. A number of operational appointments, meanwhile, is expected to underscore Faury's focus on stabilising output and fixing quality problems.

Airbus last month cut its core 2018 delivery target by 2 percent to 782 jets and faces a continued challenge to maintain that goal, people familiar with its production plans said.

(Reporting by Tim Hepher; Editing by and David Goodman)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, November 21 2018. 00:16 IST