Germany says no final deal on EADS mgmt changes

Mon Jul 9, 2007 6:38am EDT
 
[-] Text [+]

BERLIN, July 9 (Reuters) - Germany supports a more efficient company structure for Airbus parent EADS (EAD.PA) but is not aware of any deal on streamlining the aerospace group's management, a government spokesman said.

"Decisions (on the management structure) have not been reached to our knowledge," the spokesman said in response to a Reuters query.

Over the weekend, media reports said French and German shareholders in the company had reached a deal whereby current co-Chief Executive Thomas Enders would become the sole CEO, while the chairman and head of Airbus would be French appointees.

The deal would be part of a simplification of the company's management structure, which has maintained a delicate balance between the French and Germans since EADS was created in 2000.

 

Editor's Choice

A selection of our best photos from the past 24 hours.  Slideshow 

Most Popular on Reuters

  • Articles
  • Video
Join the Reuters Consumer Insight Panel and help us get to know you better

Join the Reuters Consumer Insight Panel and help us get to know you better