Airbus appoints Michael Schollhorn new chief operating offer (COO) and Dominik Asam chief financial officer (CFO) from next year.
Schollhorn will take over as COO for Airbus Commercial Aircraft, effective 1 February 2019 while Asam will take over his position as CFO from April 2019.
Schöllhorn, currently COO for BSH Home Appliances in Munich, will succeed Tom Williams, who retires 31 December 2018 after 50 years in the aerospace industry, 19 of which were in top Airbus management positions.
“Michael brings a vast amount of expertise in digitalisation, end-to-end process optimisation, manufacturing, quality and supply chain management – key assets to transition our company to the next levels of production efficiency,” said Guillaume Faury, president Airbus Commercial Aircraft.
“Michael’s leadership will be crucial for the future success of Airbus. I am thrilled to welcome him to the team and thank the Board of Directors for their support in this selection process,” he adds.
Schollhorn will report to Guillaume Faury who will succeed Tom Enders as Airbus CEO following the shareholders Annual General Meeting on 10 April 2019. He will also become a member of the Airbus Executive Committee.
On the appointment, Airbus CEO Tom Enders said: “We are glad to welcome Michael, and we bid farewell to Tom Williams, a great personality and leader both in Airbus and the wider European aerospace industry for many years.
“Tom braved countless challenges during his time with Airbus, always overcoming them in the best interest of the company and its customers, and never losing his dry Scottish humour. Tom’s impressive career took him from the shop floor as an apprentice with Rolls-Royce in 1969 to the Airbus Executive Committee. I am forever grateful for his engagement, leadership and friendship. I wish him a well- deserved retirement.”
Asam, meanwhile, who is currently CFO of Munich-based Infineon Technologies , will join Airbus on 1 April 2019 ensuring a smooth handover with Harald Wilhelm, who remains in charge in his current role until the Annual General Meeting on 10 April 2019.
“We are very pleased to have Dominik Asam joining Airbus as CFO,” says Enders. “Dominik is one of the most highly rated CFOs of the German DAX30. He has an outstanding professional background and he will, no doubt, be a great wingman for Guillaume Faury, who will succeed me at the helm of Airbus next spring.”
As CFO, Dominik Asam will report to future CEO Guillaume Faury and become a member of the Airbus Executive Committee.
Guillaume Faury, president Airbus Commercial Aircraft, says: “I am very much looking forward to working with Dominik to continue improving our company’s financial performance. A finance expert with an engineering and wide industrial background is a great choice for this mission.”
In 2011, Dominik Asam was appointed CFO of Infineon Technologies where he has been responsible for functions including Group Controlling, IT, Treasury, Investor Relations, Compliance & Risk Management, Export Control and Sustainability and Business Continuity.