Airbus says its Board of Directors “will propose to the shareholders at the 2025 Annual General Meeting the renewal of Guillaume Faury as Executive member of the Board and Airbus Chief Executive Officer.” Airbus also announced that it is taking “transition steps in its Commercial Aircraft business. “Lars Wagner, currently the CEO of MTU Aero Engines AG, based in Munich, has been selected to join the Airbus Executive Committee, after finalising his term at MTU, to become the successor of Christian Scherer as CEO of the Commercial Aircraft business”, says the aircraft manufacturer.
“We have a clear plan for our Commercial Aircraft business and after 40 years at Airbus, I remain committed to the success of the Company,” said CEO Commercial Aircraft Christian Scherer. “I believe that Lars, whom I have known for a long time, is the natural choice for Airbus as my successor. I very much welcome his nomination and look forward to working with him in this future transition.”