Airbus CFO Harald Wilhelm leaves

  • Push-out Score suggests push-out forces
  • After about six years in the position
  • Accolades, praise and thanks for Wilhelm
  • Search for a successor
  • Wilhelm said 48 words

(exechange) — Amsterdam, Netherlands, May 14, 2018 — Harald Wilhelm, finance chief of Airbus, leaves — “in agreement with the Board of Directors”. As announced by Airbus SE in a news release on Monday, May 14, 2018, Harald Wilhelm, Chief Financial Officer, leaves the aeronautics company after about six years in the position, effective in 2019.

Airbus will undertake a search for a successor.

“The right time for me to move on”

Wilhelm’s departure from the CFO post is explained as follows. Harald Wilhelm said: “After 18 years at the Airbus finance function, next year will be the right time for me to move on.”

Precise information about Wilhelm’s future plans was not immediately available.

“Leave the Company”

Airbus said: “Harald Wilhelm …, Chief Financial Officer … of Airbus …, has decided to leave the Company in 2019 in agreement with the Board of Directors.”

Share price rise since October 2016

The change follows a rise in the share price of Airbus SE since October 2016.

Chaired by Denis Ranque

Airbus SE is chaired by Denis Ranque.

CEO: Thomas Enders

Thomas Enders serves as CEO of Airbus SE. Thomas (“Tom”) Enders was appointed Chief Executive Officer of Airbus SE, on June 1, 2012, after having been CEO of the Airbus Commercial Aircraft Division since 2007.

In the position of CFO since 2012

Harald Wilhelm has served Airbus and its predecessor companies for 27 years in various finance roles and he has been CFO of Airbus Commercial Aircraft for the last 10 years and on top group CFO for the last six years.

Harald Wilhelm has been Chief Financial Officer of Airbus since June 1, 2012 and is a member of the Group Executive Committee.

He held the role of Airbus Commercial Aircraft CFO since February 1, 2008. Previously, he was Airbus Commercial Aircraft Chief Controlling Officer and deputy to the Chief Financial Officer, a position to which he was appointed on January 1, 2007.

Prior to this, he was Senior Vice President, Airbus Commercial Aircraft Financial Control, a role he held from 2003 to 2006.

Wilhelm joined Airbus Commercial Aircraft in 2000 as Senior Vice President, Accounting, Tax and Financial Services.

Before joining Airbus, Wilhelm had been Vice President M&A (mergers and acquisitions) at DaimlerChrysler Aerospace from 1998, where he worked on projects including the integration of Airbus into a single company.

Prior to this, he had been Senior Manager M&A at Daimler-Benz Aerospace from 1995 to 1998 and M&A Manager for the company between 1992 and 1993.

Born in April 1966 in Munich, Wilhelm has a degree in Business Studies from Ludwig Maximilians University in Munich.

Unexpected

As a general rule, when a top manager announces to step down with no successor available, it’s a sign that the change was unexpected and too early.

Push-out Score suggests push-out forces

It is not completely certain what forces eventually triggered Harald Wilhelm’s move.

The Push-out Score™ determined by exechange suggests that push-out forces may have contributed to the change.

Read the full story in the exechange report 21.2018 ($).