EADS Says Succession to Chief Executive Gallois Not on Company's Agenda

European Aeronautic Defence & Space Co.’s succession plan for Chief Executive Officer Louis Gallois isn’t on the agenda of the manufacturer or at shareholder Daimler AG, the companies said.

A report in La Tribune newspaper that Daimler Chief Financial Officer Bodo Uebber may replace Gallois in 2012 “is purely speculative and lacks any foundation,” Florian Martens, spokesman at the Stuttgart, Germany-based luxury-car maker said today by telephone. Any speculation on a successor to Gallois is “totally unfounded,” an official at EADS said in an e-mail.

Uebber is also chairman of the board of Paris- and Munich- based EADS, the parent company of planemaker Airbus SAS. Daimler owns 15 percent of EADS and controls the votes of another 7.5 percent held by other German shareholders. France’s government and Paris-based publisher Lagardere SCA together have a matching 22.5 percent stake. Gallois’s five-year term expires in 2012, according to the company’s website.

To contact the reporters on this story: Andrea Rothman in Paris at aerothman@bloomberg.net; Andreas Cremer in Berlin at acremer@bloomberg.net.

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.