The Annual General Meeting of EADS Shareholders has appointed a new Board of Directors for a term of five years, ending at the close of the Annual General Meeting in 2010. The Board of Directors is the company’s highest decision-making body after the Shareholders’ General Meeting. The elected members of the EADS Board are:
The vote followed the nominations of the main shareholders DaimlerChrysler and SOGEADE (Lagardère and French State).
At the AGM, Chairmen Bischoff and Lagardère thanked the outgoing EADS CEOs Philippe Camus and Rainer Hertrich for the achievements of the EADS management in the first five years: “Philippe Camus and Rainer Hertrich have fully delivered on their promises to shareholders, investors, customers and employees. Together with their management team they can look back on five years of success in forming an integrated company as a global player. They are leaving the company in great shape. We are proud of Philippe and Rainer and we wish them all the best for the future.”
With an overwhelming vote of 96 percent of the shareholders, the members of the Board of Directors were granted a release from liability for the performance of their duties during the financial year 2004. In light of EADS' continuing strong performance the shareholders decided in favour of an increased dividend of € 0.50 per share.
EADS is a global leader in aerospace, defence and related services. In 2004, EADS generated revenues of € 31.8 billion and employed a workforce of about 110,000. The EADS Group includes the aircraft manufacturer Airbus, the world's largest helicopter supplier Eurocopter and the joint venture MBDA, the international leader in missile systems. EADS is the major partner in the Eurofighter consortium, is the prime contractor for the Ariane launcher, develops the A400M military transport aircraft and is the largest industrial partner for the European satellite navigation system Galileo.
