Noël Forgeard
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Noël Forgeard (born December 8, 1946) is a French industrialist, and was joint CEO of EADS.
Until June 2005 Foregard was CEO of the aircraft manufacturer Airbus SAS. In late 2004 he was nominated as the next French CEO of EADS. This position is shared with a German - then Thomas Enders - in a system which was established with the creation of EADS in 2000. Forgeard had suggested that this system should be abolished in favour of a single CEO in a move that EADS' German shareholders have seen as an attempt to engineer a French dominated management team.
Forgeard is married with three daughters and one son. He studied at École Polytechnique (X-Mines).
Appointment
Following protracted arguments, which caused embarrassment to EADS at the Paris Air Show, the appointment was confirmed by the EADS Board of Directors on June 25 2005. At the same meeting the Board, in consultation with partner BAE Systems, named Gustav Humbert as President and CEO of Airbus.
Alleged insider dealing
News reports in June 2006 focused on possible insider dealing at EADS. Joint CEO Noël Forgeard made a 2.5 million Euro profit on the sale of EADS shares, just weeks before news of Airbus A380 delays was released. Mr. Forgeard has denied any wrongdoing.
Mr. Forgeard resigned as CEO of EADS on July 2, 2006 and replaced by Louis Gallois.
External links
- [EADS finally names its new bosses] - BBC News, 26 June 2005
- [EADS and Airbus bosses both quit] - BBC News, 2 July 2006
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