Amsterdam: Airbus Chief Executive Tom Enders is in the early stages of considering whether to seek another term as head of Europe’s largest aerospace company when his mandate expires in 2019, and says he is not currently thinking about retirement.
The German-born executive told Reuters in an interview he was far from bored after five years in the job, during which the company has gone through sweeping governance changes as well as a reorganisation whose final step was approved on Wednesday.
“It is up to shareholders and the board to decide. I am 58 now and I am not close to retirement. [Former CEO] Louis [Gallois] retired from the company aged 68, which is not my benchmark, but in 2019 I will only be 60,” he said.
Enders was speaking after shareholders approved a change in the name of the company’s Dutch-registered top entity to Airbus SE from Airbus Group SE, completing an overhaul which saw the group merge with its main jetmaking division earlier this year.
Guarded relationship
The recent shake-up saw Frenchman Fabrice Bregier, who runs the planemaking business, add the new role of chief operating officer of the unified company, with an official No 2 role.
Uncertainty over Enders’ plans could test what is often painted as a guarded relationship between him and Bregier, a tandem seen as vital to keeping the Franco-German-led aerospace company on track as it breaks away from years of in-fighting.
Although Bregier is widely viewed as the main candidate to replace Enders, his status as heir apparent has not officially been confirmed and a delayed handover could allow others to develop the profile needed to be considered, analysts say.
