New Airbus CEO Guillaume Faury takes charge with leaner structure

PARIS: Newly appointed Chief Executive Guillaume Faury imposed his mark on European planemaker Airbus with a simplified management structure and a manifesto for manufacturing reforms, as Airbus gears up for intensified competition with Boeing.

The 51-year-old former military flight test engineer and auto executive announced the changes in his first full day in the role after the retirement of Tom Enders.

“We are in a period of exceptional change in our industry and we need to prepare Airbus for the opportunities and challenges ahead,” Faury said in a statement.

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