Airbus has named Thomas Toepfer as its next chief financial officer (CFO).
Toepfer will leave polymer supplier Covestro to join the French airframe manufacturer.
Current CFO Dominik Asam will step down on March 1, with Xavier Tardy, executive vice-president finance for Airbus Defence and Space, filling in until Toepfer joins in September.
“We are very pleased to have Thomas joining Airbus as CFO at this important time for the company. Thomas is a highly regarded CFO in the DAX40 and I am looking forward to working with him on the Airbus Executive Committee as we continue to ramp-up production and secure our long-term ambitions in a complex operating environment,” said Guillaume Faury, Airbus chief executive.
“I sincerely thank Dominik for everything he has brought to Airbus. Together with his team he helped the Company navigate the most severe crisis of its history, ensuring we are well positioned to manage the recovery and prepare our sustainable future," Faury added.