Noel_Forgeard

Noël Forgeard

Noël Forgeard

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Noël Forgeard (born 8 December 1946 in La Ferté-Gaucher) is a French industrialist and former joint CEO of EADS.

Quick Facts Born, Education ...

Appointment

From April 1998 until June 2005, Forgeard was CEO of the aircraft manufacturer Airbus SAS.

In late 2004, he was nominated as the next French CEO of EADS. This position is shared with a German—then Thomas Enders—in a system that was established at the creation of EADS in 2000.

Alleged insider dealing

News reports in June 2006 focused on possible insider dealing at EADS. Forgeard made a 2.5 million Euro profit on the sale of EADS shares,[1] with his children earning 4.2 million Euro, just weeks before news of Airbus A380 delays was released.[2] Forgeard denied any wrongdoing, claiming that he was a scapegoat in the matter.[3]

Forgeard resigned as CEO of EADS on 2 July 2006 and was replaced by Christian Streiff.[4]

References

  1. [1]
    "Airbus Delay May Cost Forgeard His Job, Investors Say". Bloomberg. 16 June 2006. Retrieved 21 December 2010.
  2. [2]
    Clark, Nicola (13 December 2006). "Police Search Paris Office Of Parent Company of Airbus". The New York Times. Retrieved 21 December 2010.
  3. [3]
    "Forgeard : Je suis un bouc émissaire". Le Figaro. 16 June 2006. Retrieved 21 December 2010.
  4. [4]
    "Heads roll at EADS, Airbus as Forgeard, Humbert resign". Air Transport World. 3 July 2006. Retrieved 21 December 2010.
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