Ranque to lead Airbus as chairman

Saturday, April 18, 2020

René Obermann has become chairman of Airbus after Denis Ranque as the  move was made after  the annual general meeting in Amsterdam.

During this the shareholders approved all resolutions on the agenda and owing to the global coronavirus outbreak, shareholders were encouraged to vote by proxy instead of attending the event physically.

This was in line with public health and safety measures.

Shareholders showed a very high level of voting and strong engagement despite the Covid-19 situation and  575 million votes expressed, up five per cent compared to the 2019 event.

It represented around 74 per cent of the outstanding share capital.

Airbus also announced  on March 23rd that it was withdrawing a voting item from the original annual general meeting agenda related to the proposed payment of the 2019 dividend.

The withdrawal of the dividend proposal will bolster liquidity and its balance sheet in response to the Covid-19 crisis.

Mark Dunkerley and Stephan Gemkow each joined the board as non-executive directors for a period of three years after the shareholder’s approval.

Dunkerley has extensive experience of the commercial airline and aviation industry and is currently a member of the board of Spirit Airlines.Gemkow is a member of the board of Amadeus IT Group and a former airline executive with 22 years at Lufthansa.

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