Airbus nominated a new German chairman on Wednesday as Frenchman Guillaume Faury...
AMSTERDAM - Airbus nominated a new German chairman on Wednesday as Frenchman Guillaume Faury prepared to become its chief executive, signaling that the Franco-German balance at its helm will extend through a sweeping management overhaul.
Obermann, a managing director of private equity firm Warburg Pincus, had been seen as a German favorite to succeed Ranque, who had already announced plans to retire next year. Airbus is in the midst of a board-led clearout to present a new face in any bribery settlement negotiations - a subject that has also threatened Franco-German discord.
Airbus said it was cutting the amount paid to future chief executives in the event of contract termination to a year’s salary and bonus from 18 months and capping possible non-compete clauses to one year.
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