logo
  

Airbus CFO Dominik Asam To Leave In 2023 To Become SAP CFO - Quick Facts

European plane maker Airbus SE (EADSF.PK,EADSY.PK) Wednesday announced that Chief Financial Officer Dominik Asam has decided to leave the company in the beginning of March 2023 to become Chief Financial Officer of enterprise application software major SAP SE (SAP).

Asam, aged 53, is leaving after almost four years in the CFO role. He joined Airbus as CFO and Member of the Executive Committee in April 2019.

The company said it will now prepare the succession of Asam who will remain fully in charge until his departure.

Asam said, "Airbus is now in a better competitive position and I have great faith in my colleagues' ability to continue writing this unique success story. ... I hope to stay in close touch with Airbus after transitioning to my new role at SAP to further deepen what is already a strong relationship between the two companies."

SAP in March had announced that it was searching for a successor to Luka Mucic, Chief Financial Officer and Executive Board Member, who agreed to depart the company on March 31, 2023.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Salt Lake City, Utah-based Rocky Mountain Pies, LLC is recalling Red Button Vintage Creamery French Silk Pie citing possible presence of undeclared almonds, a known allergen, the U.S. Food and Drug Administration said. The recall involves 31.88 oz French Silk Pie with the lot code beginning with 2 266. Only UPC code 0 41172 81290 9 is involved in the recall. The U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS has issued a public health alert against Paradise Locker Meats' certain fully cooked summer sausage products. There are concerns that the products may be contaminated with extraneous materials, specifically plastic. A recall was not requested as the products are no longer available for purchase. Hormel Foods Corp. (HRL) said, in the fourth quarter, the company delivered earnings per share comparable with record results last year, which included an additional week of sales. Pretax earnings were $357 million, up 1% from a year ago. Organic net sales were up 2%, excluding the impact of an additional...
RELATED NEWS
Follow RTT