Airbus selects Dominik Asam as future CFO
Airbus has appointed Dominik Asam, 49, to succeed Harald Wilhelm, 52, as Chief Financial Officer (CFO) in April 2019.
Courtesy Airbus
Asam (above), currently CFO of Munich-based Infineon Technologies AG, will join Airbus on 1 April 2019 ensuring a smooth handover with Harald Wilhelm, who remains in charge in his current role until the Annual General Meeting on 10 April 2019.
“We are very pleased to have Dominik Asam joining Airbus as CFO. Dominik is one of the most highly rated CFOs of the German DAX30. He has an outstanding professional background and he will, no doubt, be a great wingman for Guillaume Faury, who will succeed me at the helm of Airbus next spring,” said Tom Enders, Chief Executive Officer of Airbus.
As CFO, Dominik Asam will report to future CEO Guillaume Faury and become a Member of the Airbus Executive Committee.
Guillaume Faury, President Airbus Commercial Aircraft, said: “I am very much looking forward to working with Dominik to continue improving our company’s financial performance. A finance expert with an engineering and wide industrial background is a great choice for this mission.”
In 2011, Dominik Asam was appointed CFO of Infineon Technologies where he has been responsible for functions including Group Controlling, IT, Treasury, Investor Relations, Compliance & Risk Management, Export Control and Sustainability and Business Continuity. Before joining Infineon, Dominik Asam was Head of Group Controlling at RWE AG in 2010. From 2005-2010, he worked at Siemens AG where he held positions such as CEO of Siemens Financial Services and Corporate Vice President and Treasurer.
A 1994 graduate in Mechanical Engineering from the Technical University of Munich, Dominik began his professional career in 1996 in the Investment Banking Division of Goldman Sachs Inc. with postings in Frankfurt, London and New York. Further to his studies in his hometown of Munich, Asam holds a Master of Business Administration from INSEAD as well as a degree in Mechanical Engineering from the Ecole Centrale Paris.
Courtesy Airbus
Airbus also announced that it has appointed Michael Schöllhorn (above), 53, as Chief Operating Officer (COO) for Airbus Commercial Aircraft, effective 1 February 2019.
Schöllhorn, currently COO for BSH Home Appliances GmbH in Munich, will succeed Tom Williams, 66, who retires 31 December 2018 after 50 successful years in the aerospace industry, 19 of which were in top Airbus management positions.
“Michael brings a vast amount of expertise in digitalisation, end-to-end process optimisation, manufacturing, quality and supply chain management – key assets to transition our company to the next levels of production efficiency,” said Guillaume Faury, President Airbus Commercial Aircraft. “Michael’s leadership will be crucial for the future success of Airbus. I am thrilled to welcome him to the team and thank the Board of Directors for their support in this selection process.”
Michael Schöllhorn will report to Guillaume Faury who will succeed Tom Enders as Airbus CEO following the shareholders Annual General Meeting on 10 April 2019. He will also become a Member of the Airbus Executive Committee.
On the appointment, Airbus CEO Tom Enders said: “We are glad to welcome Michael and we bid farewell to Tom Williams, a great personality and leader both in Airbus and the wider European aerospace industry for many years. Tom braved countless challenges during his time with Airbus, always overcoming them in the best interest of the company and its customers, and never losing his dry Scottish humour. Tom’s impressive career took him from the shop floor as an apprentice with Rolls-Royce in 1969 to the Airbus Executive Committee. I am forever grateful for his engagement, leadership and friendship. I wish him a welldeserved retirement.”
Michael Schöllhorn’s wealth of diverse manufacturing and production expertise was gained from 1999 at the Bosch Group. Most notably, between 2012 to 2014 he was Executive Vice President Manufacturing and Quality, additionally heading the Global Business unit for chassis and safety sensors. Prior to this, he held several international management positions in the US and Czech Republic. From 2004 to 2008 he was Vice President of Quality Management and from 2012 to 2014, Executive Vice President Manufacturing and Quality.
In 2015, Michael was appointed COO and Member of the Management Board for BSH Home Appliances GmbH (100 percent subsidiary of the Robert Bosch GmbH), one of the world’s leading home appliance manufacturers.
Michael Schöllhorn holds a degree in Mechanical Engineering and a PhD in Control Engineering from the Helmut Schmidt University in Hamburg. He served in the German Armed Forces as a helicopter pilot and officer from 1984 to 1994