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EADS Chief Nominates Thorette To Head New Unit To Guard Military Technology

Jan. 28, 2013 - 02:10PM   |  
By PIERRE TRAN   |   Comments
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Paris — EADS Chief Executive Tom Enders has proposed former Army Chief of Staff Gen. Bernard Thorette as a board director to head a special national defense company to be set up to protect sensitive military technology, a company executive said.

Enders proposed in a Jan. 25 letter to the French authorities that Thorette would be responsible for the proposed holding company that would house assets “for French eyes only,” the executive said.

Under a reorganization of corporate governance and state-owned shareholdings agreed in December, EADS will create a French and German national defense company to house military interests such as France’s nuclear deterrence work.

Enders also proposed in the same letter that Anne Lauvergeon, a former chief executive of nuclear energy company Areva, and central banker Jean-Claude Trichet to be members of the supervisory board, the executive said.

It will be up to the EADS board, which is intended to be independent, to approve the proposed appointments, which will also need to be approved by the shareholders in general meeting.

Thorette was chief of staff of the French Army 2002 to 2006.

Under the proposed reorganization, France and Germany will each own 12 percent of EADS.

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