McArtor named chairman, CEO of Airbus U.S. unit

WASHINGTON Tue Jan 7, 2014 12:39pm EST

WASHINGTON Jan 7 (Reuters) - Allan McArtor, who heads Airbus U.S. commercial operations, will take over as chairman and chief executive of the overall U.S. unit of the European weapons and planemaker on March 1, replacing Sean O'Keefe, the company said Tuesday.

Airbus said O'Keefe, who turns 58 later this month, is resigning to focus on his continuing recovery after a 2010 plane crash in Alaska that killed five people, including former U.S. Senator Ted Stevens.

O'Keefe, a former Navy Secretary, NASA administrator and Pentagon comptroller, had another operation on his back in recent weeks. He will remain on special assignment with the company.

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After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.