Airbus SE EADSY reportedly thinks of a churn in the management team by separating the leader for its plane-making business and releasing CEO Guillaume Faury to tackle broader strategic prerogatives.
The "timing and definition" of the new position remain unclear and depend on board approval, which is not guaranteed, Reuters reported, citing people familiar with the matter.
Besides being the CEO of the broader aerospace and defense group, Faury also runs the world's largest jet maker, the report added.
Also Read: Airbus Opens New Technology Hub At Filton Site To Design Wings For Next Generation Aircrafts
"We don't comment on rumours or speculation regarding organisational or personnel changes," an Airbus spokesperson said, which is noted by Reuters.
Price Action: EADSY shares were down by 2.82% to $36.49 on the last check Tuesday.
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