Noël Forgeard (born 8 December 1946 in

La Ferté-Gaucher La Ferté-Gaucher () is a commune in the Seine-et-Marne department in the Île-de-France region in north-central France. Demographics Inhabitants of La Ferté-Gaucher are called ''Fertois''. See also * Communes of the Seine-et-Marne department ...

) is a French

industrialist A business magnate, also known as a tycoon, is a person who has achieved immense wealth through the ownership of multiple lines of enterprise. The term characteristically refers to a powerful entrepreneur or investor who controls, through perso ...

and former joint CEO of

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: '' ...

Appointment

From April 1998 until June 2005, Forgeard was

CEO A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

of the aircraft manufacturer

Airbus SAS 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 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 File:2000 Events Collage.png, From left, clockwise: Protests against Bush v. Gore after the 2000 United States presidential election; Heads of state meet for the Millennium Summit; The International Space Station in its infant form as seen from ...

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 information ...

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 large wide-body airliner that was developed and produced by Airbus. It is the world's largest passenger airliner and only full-length double-deck jet airliner. Airbus studies started in 1988, and the project was annou ...

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 Christian Streiff (born 21 September 1954) is a French businessman. Streiff was born at Sarrebourg, Moselle. He was nominated chief executive officer of the European commercial aircraft manufacturer Airbus S.A.S. on 2 July 2006. He resigned from ...

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 ParisTech alumni Corps des mines Airbus people Officiers of the Légion d'honneur Honorary Knights Commander of the Order of the British Empire