162 new EADS managers nominated
Hamburg/Madrid/Munich/Paris, 16 May 2000
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Second Top Executive Team Meeting in Hamburg
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Merger and IPO due in July
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More than 100 merger integration projects already initiated
Hamburg - The designated Executive Committee of the future European Aeronautic Defence and Space Company (EADS) has nominated 162 more EADS Managers. Only three months after the nomination of 52 Top Managers forming the EADS' Top Executive Team, Philippe Camus and Rainer Hertrich, the designated Co-Chief Executive Officers (Co-CEOs), presented the management structure of the next level of each of the five EADS divisions and the corporate functions on Tuesday in Hamburg.
"EADS is now ready for the merger and the IPO in July," Rainer Hertrich and Philippe Camus said. "We have a management structure, we have a business plan, we have set targets for each and every division and corporate function. We will now quickly move ahead to finalise the merger and IPO preparations." EADS is a merger of DaimlerChrysler Aerospace AG (Dasa, Munich), Aerospatiale Matra (Paris) and Construcciones Aeronáuticas S.A. (CASA, Madrid).
More than 100 merger integration projects are being initiated at the level of corporate functions and within all divisions in order to identify and achieve additional value creation through increased efficiency, synergies and growth and to create a fully integrated company. "We have been working together across borders with considerably fewer misunderstandings and frictions than anybody had expected when we announced our tri-national merger," underlined both CEOs.
On the occasion of the International Aerospace Exhibition ILA 2000 in Berlin from June 6 to 12, the EADS partner companies will, for the first time ever, appear under one common roof.
Börsenkurse
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