Airbus to renew CEO term, names commercial chief's successor
Corrects Wagner contract expiry in paragraph 3 to Dec 31, 2025, not Dec 31 this year
PARIS, Oct 30 (Reuters) -Airbus AIR.PA said on Wednesday its board would propose to shareholders a third term for CEO Guillaume Faury when his current three-year mandate expires in 2025.
The world's largest planemaker also said it had chosen MTU Aero Engines MTXGn.DE CEO Lars Wagner to be the designated successor to planemaking head Christian Scherer.
MTU earlier said that Wagner would leave the company when his contract expires on Dec. 31, 2025, to pursue an opportunity elsewhere.
Reporting by Tim Hepher, editing by Tassilo Hummel
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