Jean-Paul Gut, born on 1 July 1961, was executive director of marketing, strategy and international development at
EADS
Airbus SE (; ; ; ) is a European multinational aerospace corporation. Airbus designs, manufactures and sells civil and military aerospace products worldwide and manufactures aircraft throughout the world. The company has three divisions: '' ...
. In 2007, he founded a consulting company, Coolmore International, based in
London
London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...
.
Biography
Studies
Jean Paul Gut graduated from the
Institut d’Etudes Politiques de Paris
, motto_lang = fr
, mottoeng = Roots of the Future
, type = Public research university''Grande école''
, established =
, founder = Émile Boutmy
, accreditation ...
with a master's degree in Economy.
Career
Matra
Jean-Paul Gut's career began in 1983 as Export Vice President for
Matra
Matra (an acronym for Mécanique Aviation Traction) was a French industrial conglomerate. During its years of operation, it was engaged in a wide range of business activities, primarily focused around automobiles, bicycles, aeronautics and we ...
Défense, part of the Matra Group.
In 1988, he became the Export Marketing and Sales Executive Director. In 1990, he served as Executive Vice President of International Operations for Matra Défense Espace. Three years later, 1993, he advanced to the position of Senior Executive Vice President, in charge of international operations for the
Lagardère Group
Lagardère S.A. () is an international group with operations in over 40 countries. It is headquartered in the 16th arrondissement of Paris. The group was created in 1992 as Matra, Hachette & Lagardère. Headed by Arnaud Lagardère, it is focuse ...
. In 1996, he became the Senior Executive Vice President for
Matra BAE Dynamics
Matra BAe Dynamics was formed in August 1996 by merger of half the missile business of Matra Defense of France and BAe Dynamics (a division of British Aerospace) of the UK and was Europe's largest manufacturer of missiles and UAVs.
British Aero ...
.
In March 1998, Jean-Paul Gut joined the Board of Management of the
Lagardère Group
Lagardère S.A. () is an international group with operations in over 40 countries. It is headquartered in the 16th arrondissement of Paris. The group was created in 1992 as Matra, Hachette & Lagardère. Headed by Arnaud Lagardère, it is focuse ...
as Managing Director, in charge of international operations and State of the Art Technology Sector. He also became as a member of the executive management of EADS Company South Africa (Pty) Ltd. On May 11, 2005, Jean-Paul Gut served as the Director of
Dassault Aviation
Dassault Aviation SA () is a French Aerospace manufacturer, manufacturer of military aircraft and business jets.
It was founded in 1929 by Marcel Dassault, Marcel Bloch as Société des Avions Marcel Bloch or "MB". After World War II, Marc ...
SA, and as Executive Director of European Aeronautic Defence & Space Co. N.V.
EADS (now
Airbus
Airbus SE (; ; ; ) is a European Multinational corporation, multinational aerospace corporation. Airbus designs, manufactures and sells civil and military aerospace manufacturer, aerospace products worldwide and manufactures aircraft througho ...
)
When EADS was created in 2000, he became a member of the board and member of the executive committee. In 2005, he was promoted to the position of executive director of EADS, and director of EADS International.
In June 2006, when
Jean-Louis Gergorin Jean-Louis Gergorin is a French cybersecurity expert, strategy consultant, former diplomat, and former executive vice president of EADS—the giant European aerospace company that controls and has been subsequently known as Airbus.
He was at the or ...
left EADS, he was assigned to be in charge of the company's global strategy, thus becoming executive director of marketing and strategy, overseeing all international operations.
A year later, in June 2007, he officially resigned from EADS. His severance pay was said to be 2.8 million euros, the equivalent of a 24-month salary for 24 years worked at the company. Right before he left EADS, he struck a 16 billion euro deal with
Qatar Airways
Qatar Airways Company Q.C.S.C. ( ar, القطرية, ''al-Qaṭariya''), operating as Qatar Airways, is the state-owned flag carrier airline of Qatar. Headquartered in the Qatar Airways Tower in Doha, the airline operates a hub-and-spoke netw ...
for the sale of 80 A350.
In fact, he received more than 80 million euros, in a covered payment, as was revealed later by investigations newspapers.
Consulting Company
Jean-Paul Gut created his own consulting company in London, catering to French and European companies looking to expand internationally, and connecting foreign investors with European corporations working on large-scale development projects. One of his main clients is Airbus, thus he remains an influential person within the company.
Jean-Paul Gut is also the founder of th
ARMAT GROUPin 2008, focusing on private equity, real estate and asset backed finance.
The EADS case
In June 2008, Jean-Paul Gut was indicted of insider trading when he was EADS’ executive director of marketing and strategy. The EADS case, which goes back to early 2006, arose after it was revealed that hundreds of EADS employees had sold their shares a few weeks before Airbus announced delivery delays of the A380, which caused Airbus to plummet in the stock market, losing 26% of its share price in one day. In 2006, Jean-Paul Gut had sold 175,000 shares for a 1,773,250 euros capital gain. Jean-Paul Gut denied the allegations.
On December 17, 2009, the AMF (French financial authorities) firmly rejected all accusations of wrongdoings made towards Jean-Paul Gut and the other EADS executives implied in the EADS case.
Sources and references
{{DEFAULTSORT:Gut, Jean-Paul
1961 births
French businesspeople
Matra
Sciences Po alumni
Living people