Noël Forgeard (; born 8 December 1946 in La Ferté-Gaucher) is a French

industrialist A business magnate, also known as an industrialist or tycoon, is a person who is a powerful entrepreneur and investor who controls, through personal enterprise ownership or a dominant shareholding position, a firm or industry whose goods or ser ...

and former joint

CEO A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

EADS Airbus SE ( ; ; ; ) is a Pan-European aerospace corporation. The company's primary business is the design and manufacturing of commercial aircraft but it also has separate defence and space and helicopter divisions. Airbus has long been th ...

Appointment

From April 1998 until June 2005, Forgeard was

of the aircraft manufacturer Airbus SAS. In late 2004, he was nominated as the next French

. This position is shared with a German—then Thomas Enders—in a system that was established at the creation of EADS in

2000 2000 was designated as the International Year for the Culture of Peace and the World Mathematics, Mathematical Year. Popular culture holds the year 2000 as the first year of the 21st century and the 3rd millennium, because of a tende ...

Alleged insider dealing

News reports in June 2006 focused on possible

insider dealing Insider trading is the trading of a public company's stock or other securities (such as bonds or stock options) based on material, nonpublic information about the company. In various countries, some kinds of trading based on insider informatio ...

at EADS. Forgeard made a 2.5 million Euro profit on the sale of EADS shares, with his children earning 4.2 million Euro, just weeks before news of

Airbus A380 The Airbus A380 is a very large wide-body airliner, developed and produced by Airbus until 2021. It is the world's largest passenger airliner and the only full-length double-deck jet airliner. Airbus studies started in 1988, and the pr ...

delays was released. Forgeard denied any wrongdoing, claiming that he was a

scapegoat In the Bible, a scapegoat is one of a pair of kid goats that is released into the wilderness, taking with it all sins and impurities, while the other is sacrificed. The concept first appears in the Book of Leviticus, in which a goat is designate ...

in the matter. Forgeard resigned as CEO of EADS on 2 July 2006 and was replaced by Christian Streiff.

References

External links

EADS finally names its new bosses
- BBC News, 26 June 2005
EADS and Airbus bosses both quit
- BBC News, 2 July 2006 {{DEFAULTSORT:Forgeard, Noel 1946 births Living people French chief executives École Polytechnique alumni Mines Paris - PSL alumni Corps des mines Airbus people Officers of the Legion of Honour Honorary Knights Commander of the Order of the British Empire