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Last updated : 02/10/2026 - 10h40
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Airbus: ASML's CEO joins board, Michelin's leader proposed for 2027

Airbus's board of directors approved several composition changes following its meeting on October 1, 2026, including the co-option of ASML's CEO as a non-executive director and the selection of Michelin's CEO for a mandate to be submitted to shareholders in 2027.


Airbus: ASML's CEO joins board, Michelin's leader proposed for 2027

Obermann joins SAP, Fouquet co-opted as his successor

René Obermann stepped down from Airbus SE's board of directors effective October 1, 2026, after announcing in April 2026 his decision to withdraw. He now focuses his activities on his mandate as non-executive director and future chairman of SAP's supervisory board.

To replace him as a non-executive director for the remaining duration of his term, the board co-opted Christophe Fouquet, CEO of ASML. He will seek a full three-year mandate at the next annual general meeting, scheduled for April 2027.

Moraleda assumes presidency, Menegaux considered as director in 2027

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Amparo Moraleda took office as chairman of Airbus's board of directors on October 1, 2026. Jean-Pierre Clamadieu informed the board that he would not seek a new mandate at the 2027 general meeting, upon expiration of his current term. Florent Menegaux, CEO of Michelin, was selected as his successor and will seek a three-year non-executive director mandate at that meeting.

Amparo Moraleda and Oliver Zipse, former chairman of BMW's management board, whose mandates expire at the next general meeting, will both seek renewal with shareholders in 2027. The board also appointed Mark Dunkerley as chairman of the remuneration, nominations and governance committee and as independent lead director, replacing Amparo Moraleda in this role.



Sector Aéronautique et Défense › Aéronautique / spatiale


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Context

Period
  • Period: S1 2026
Key reported figures
  • Revenue: 33 200 millions d'euros
  • Quarterly revenue: 33 200 millions d'euros
  • Revenue growth: 12 %
  • Net income: 2 243 millions d'euros
  • Free cash flow: -1 043 millions d'euros
  • -8 360 millions d'euros
Risks mentioned
  • Dépréciation du dollar américain pesant sur les revenus des activités avions commerciaux
  • Taux de couverture de change moins favorable limitant la marge des avions commerciaux
  • Consommation de trésorerie liée à la constitution de stocks pour la montée en cadence
Opportunities identified
  • Commandes brutes d'avions commerciaux de 886 appareils et carnet de 9 222 avions
  • Prises de commandes Defence and Space en forte hausse à 9,3 milliards d'euros
  • Montée en cadence A320 vers 70 à 75 avions par mois fin 2027

The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.

Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.

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