More woes for Airbus.
Germany asks Forgeard to quit as EADS co-CEO: report
FRANKFURT (AFP) - German shareholders of EADS asked Noel Forgeard to quit as co-chief executive of the European aerospace group at a meeting in Munich, but the Frenchman refused, the business daily Handelsblatt reported.
DaimlerChrysler, which holds a stake in the European Aeronautics Defence and Space Company, declined to comment on the report.
But EADS denied it.
"We firmly deny the report," said EADS spokesman Michael Hauger.
Forgeard is under fire as a result of the revelation of delays in delivery of the giant A380 aircraft, made by EADS' Airbus unit, and the controversy over large-scale selling of EADS shares by the Frenchman and other top group officials.
Sources familiar with the matter said that the co-heads of the supervisory baord, Arnaud Lagardere and Manfred Bischoff, and the two co-CEOs, Noel Forgeard and Thomas Enders, attended the meeting in Munich on Monday.
Officially, the group said that no decision was reached at the meeting.
"It was a working meeting to discuss the situation and to find ways of avoiding such delays again in the future," the EADS spokesman said.
Similar meetings would be held in the coming weeks, he added.
It was not a matter of "pointing fingers", the spokesman insisted.