Noël Forgeard
Encyclopedia
Noël Forgeard is a French
industrialist and former joint CEO of EADS
.
.
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 that was established at the creation of EADS in 2000
.
delays was released. Forgeard denied any wrongdoing, claiming that he was a scapegoat
in the matter.
Forgeard resigned as CEO of EADS on 2 July 2006 and was replaced by Christian Streiff
.
France
The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
industrialist and former joint CEO of EADS
EADS
The European Aeronautic Defence and Space Company N.V. is a global pan-European aerospace and defence corporation and a leading defence and military contractor worldwide...
.
Appointment
From April 1998 until June 2005 Forgeard was CEO of the aircraft manufacturer Airbus SASAirbus
Airbus SAS is an aircraft manufacturing subsidiary of EADS, a European aerospace company. Based in Blagnac, France, surburb of Toulouse, and with significant activity across Europe, the company produces around half of the world's jet airliners....
.
In late 2004 he was nominated as the next French CEO of EADS
EADS
The European Aeronautic Defence and Space Company N.V. is a global pan-European aerospace and defence corporation and a leading defence and military contractor worldwide...
. This position is shared with a German—then Thomas Enders—in a system that was established at the creation of EADS in 2000
2000 in aviation
This is a list of aviation-related events from 2000:s-January:* January 30 – Kenya Airways Flight 431 crashes into the Atlantic Ocean, killing 169....
.
Alleged insider dealing
News reports in June 2006 focused on possible insider dealing at EADS. Forgeard made a 2.5 million Euro profit on the sale of EADS shares, with his children earning 4.2 million Euro, just weeks before news of Airbus A380Airbus A380
The Airbus A380 is a double-deck, wide-body, four-engine jet airliner manufactured by the European corporation Airbus, a subsidiary of EADS. It is the largest passenger airliner in the world. Due to its size, many airports had to modify and improve facilities to accommodate it...
delays was released. Forgeard denied any wrongdoing, claiming that he was a scapegoat
Scapegoat
Scapegoating is the practice of singling out any party for unmerited negative treatment or blame. Scapegoating may be conducted by individuals against individuals , individuals against groups , groups against individuals , and groups against groups Scapegoating is the practice of singling out any...
in the matter.
Forgeard resigned as CEO of EADS on 2 July 2006 and was replaced by Christian Streiff
Christian Streiff
Christian Streiff is a French businessman.Streiff was born at Sarrebourg, Moselle. He was nominated chief executive officer of the European commercial aircraft manufacturer Airbus S.A.S. on July 2, 2006. He resigned from this position three months later, on October 9, 2006, and was replaced by...
.
External links
- EADS finally names its new bosses - BBC News, 26 June 2005
- EADS and Airbus bosses both quit - BBC News, 2 July 2006