INTERNATIONAL - Airbus on Wednesday set in place the financial and operational pillars of a soon-to-be completely overhauled leadership as it emerges from months of internal strife caused by legal problems and delays in meeting record output goals.
The European planemaker named Dominik Asam, the finance director of German chipmaker Infineon Technologies, as its next chief financial officer to replace fellow German Harald Wihelm, who already plans to step down next year.
Asam, an engineer who is also a former Siemens executive and began his career at investment bank Goldman Sachs, will join the on April 1, 2019, Airbus said in a statement. Wilhelm will stay in his role until the annual shareholder meeting 10 days later.
Airbus also appointed Bosch appliances executive Michael Schoellhorn as the new chief operating officer for its commercial aircraft business, replacing veteran troubleshooter Tom Williams who is due to retire at the end of this year.
Schoellhorn is currently chief operating officer of Bosch subsidiary BSH Home Appliances, which makes washing machines under the Bosch and Siemens brands.