Airbus A380 airplane
  • Renewal of Board Mandates: The AGM will see the renewal of mandates for key figures including Chairman René Obermann, and non-executive directors Victor Chu, Jean-Pierre Clamadieu, and Amparo Moraleda.
  • Appointment of Dr. Feiyu Xu: A significant agenda item is the proposed appointment of Dr. Feiyu Xu as a non-executive director
  • Expertise in Emerging Technologies: Dr. Xu’s role on the Supervisory Board of ZF Friedrichshafen AG highlights her deep understanding of technology’s role in industry, especially AI. Her addition to the Board is expected to strategically guide Airbus in navigating emerging technologies.
  • Dividend Proposals: Also on the agenda is the proposed payment of a gross dividend of €1.80 per share for 2023, consistent with the previous year, and a special dividend of €1.00 per share.

Amsterdam, The Netherlands — Airbus SE, a global leader in aerospace, announced Wednesday the agenda for its Annual General Meeting (AGM) scheduled for April 10, 2024. The meeting, set to take place in Amsterdam, will address several key resolutions vital to the company’s future direction.

The proposed appointment of Dr. Xu is particularly noteworthy, signaling Airbus’s commitment to incorporating advanced technological insights into its strategic planning. Dr. Xu, known for her expertise in artificial intelligence, will replace Ralph D. Crosby, Jr., who has been on the Board since 2013. She is a member of the Supervisory Board of technology company ZF Friedrichshafen AG. Dr. Xu’s appointment is set for a term of two years, aligning with the remainder of Mr. Crosby’s mandate.

Airbus practices a structured renewal process for its Board, with mandates renewed in blocks of four for three years. This approach ensures continuity and retention of expertise on the Board, avoiding large-scale replacements at any single AGM.

The consistent dividend payout also demonstrates the company’s stable financial position and commitment to shareholder value.

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By Lisa Luckas

Lisa Luckas is a Sr. Business News Editor at Nobot.News.

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