Airbus SE (stock exchange symbol: AIR) will propose the appointment of three new independent non-executive directors at its 2018 Annual General Meeting (AGM) on 11 April to replace long-serving Board Members.
Shareholder approval will be sought for the appointment of Victor Chu, 60, as a Member of the Board of Directors for a term of three years. Mr. Chu, who is Chairman and Chief Executive Officer of Hong Kong-based First Eastern Investment Group and a Member of the Board of China Merchants China Direct Investments Ltd., would replace Sir John Parker whose mandate expires at the close of the AGM.
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Jean-Pierre Clamadieu, 59, Chief Executive Officer and Member of the Board of Directors of Solvay SA and a Member of the Board of AXA, is proposed to replace
Jean-Claude Trichet whose mandate expires.
René Obermann, 54, a Managing Director at Warburg Pincus, Member of the Board of Telenor ASA and a Member of the Supervisory Board of ThyssenKrupp AG, would replace Hans-Peter Keitel whose mandate expires at the close of the meeting.
The mandate of non-executive director Amparo Moraleda is up for renewal at the meeting. Mandates of all other Board members are not subject to any decision at the AGM.
Airbus has a policy of ‘staggered’ Board terms whereby one third of the 12 directors are reappointed or replaced every year to ensure a smooth transition and to be in line with best practices. This also avoids large block replacements at any single shareholder meeting.
Other resolutions include the approval of the proposed 2017 dividend of € 1.50 per share.
Documents for the AGM, including the Information Notice with a full agenda, are available online at: http://company.airbus.com/investors