Noël Forgeard Explained

Noël Forgeard
Birth Date:	8 December 1946
Birth Place:	La Ferté-Gaucher, France
Education:	École Polytechnique, Mines ParisTech
Occupation:	Businessman

Noël Forgeard (born 8 December 1946 in La Ferté-Gaucher) is a French industrialist and former joint CEO of EADS.

Appointment

From April 1998 until June 2005, Forgeard was CEO of the aircraft manufacturer Airbus SAS.

In late 2004, he was nominated as the next French CEO of EADS. This position is shared with a German—then Thomas Enders—in a system that was established at the creation of EADS in 2000.

Alleged insider dealing

News reports in June 2006 focused on possible insider dealing at EADS. Forgeard made a 2.5 million Euro profit on the sale of EADS shares,^[1] with his children earning 4.2 million Euro, just weeks before news of Airbus A380 delays was released.^[2] Forgeard denied any wrongdoing, claiming that he was a scapegoat in the matter.^[3]

Forgeard resigned as CEO of EADS on 2 July 2006 and was replaced by Christian Streiff.^[4]

External links

• EADS finally names its new bosses - BBC News, 26 June 2005
• EADS and Airbus bosses both quit - BBC News, 2 July 2006

Notes and References

1. News: Airbus Delay May Cost Forgeard His Job, Investors Say. 16 June 2006. Bloomberg. 21 December 2010.
2. News: Police Search Paris Office Of Parent Company of Airbus. 13 December 2006. The New York Times. 21 December 2010. Nicola. Clark.
3. News: Forgeard : Je suis un bouc émissaire. Le Figaro. 21 December 2010. 16 June 2006.
4. News: Heads roll at EADS, Airbus as Forgeard, Humbert resign. 3 July 2006. Air Transport World. 21 December 2010.