Airbus is continuing to overhaul its top management.
On Wednesday, in efforts aimed at stabilizing its financial and operational pillars, Airbus named Dominik Asam as its next chief financial officer (CFO). Asam will replace Harald Wihelm, who has plans on stepping down in 2019.
Asam was the finance director of Infineon Technologies, a German chipmaker. An engineer by education, Asam is also a former Siemens executive. He began his career at Goldman Sachs.
Asam will join Airbus on April 1, 2019, said Airbus in a statement. Wilhelm will continue to in his role in the company until the annual shareholder meeting 10 days later.
Airbus has also appointed Michael Schoellhorn, a Bosch appliances executive, as its new chief operating officer (COO) for its commercial aircraft business. Schoellhorn will replace veteran troubleshooter Tom Williams who is due to retire at the end of 2018.
Schoellhorn is currently the COO at BSH Home Appliances, a Bosch subsidiary which makes washing machines under the Bosch and Siemens brands.
With the news reaching the market, shares of Airbus appreciated by 0.5% in early trading.
Tom Enders, Airbus’ CEO, is set to step down in April 2019. Airbus is also scheduled to appoint a new chairman in 2020.