AGL 38.02 Increased By ▲ 0.08 (0.21%)
AIRLINK 197.36 Increased By ▲ 3.45 (1.78%)
BOP 9.54 Increased By ▲ 0.22 (2.36%)
CNERGY 5.91 Increased By ▲ 0.07 (1.2%)
DCL 8.82 Increased By ▲ 0.14 (1.61%)
DFML 35.74 Decreased By ▼ -0.72 (-1.97%)
DGKC 96.86 Increased By ▲ 4.32 (4.67%)
FCCL 35.25 Increased By ▲ 1.28 (3.77%)
FFBL 88.94 Increased By ▲ 6.64 (8.07%)
FFL 13.17 Increased By ▲ 0.42 (3.29%)
HUBC 127.55 Increased By ▲ 6.94 (5.75%)
HUMNL 13.50 Decreased By ▼ -0.10 (-0.74%)
KEL 5.32 Increased By ▲ 0.10 (1.92%)
KOSM 7.00 Increased By ▲ 0.48 (7.36%)
MLCF 44.70 Increased By ▲ 2.59 (6.15%)
NBP 61.42 Increased By ▲ 1.61 (2.69%)
OGDC 214.67 Increased By ▲ 3.50 (1.66%)
PAEL 38.79 Increased By ▲ 1.21 (3.22%)
PIBTL 8.25 Increased By ▲ 0.18 (2.23%)
PPL 193.08 Increased By ▲ 2.76 (1.45%)
PRL 38.66 Increased By ▲ 0.49 (1.28%)
PTC 25.80 Increased By ▲ 2.35 (10.02%)
SEARL 103.60 Increased By ▲ 5.66 (5.78%)
TELE 8.30 Increased By ▲ 0.08 (0.97%)
TOMCL 35.00 Decreased By ▼ -0.03 (-0.09%)
TPLP 13.30 Decreased By ▼ -0.25 (-1.85%)
TREET 22.16 Decreased By ▼ -0.57 (-2.51%)
TRG 55.59 Increased By ▲ 2.72 (5.14%)
UNITY 32.97 Increased By ▲ 0.01 (0.03%)
WTL 1.60 Increased By ▲ 0.08 (5.26%)
BR100 11,727 Increased By 342.7 (3.01%)
BR30 36,377 Increased By 1165.1 (3.31%)
KSE100 109,513 Increased By 3238.2 (3.05%)
KSE30 34,513 Increased By 1160.1 (3.48%)

Airbus Group has named Siemens executive Dirk Hoke as the next head of its Defence and Space division, recruiting an industrial high-flyer with no previous aerospace experience to regenerate its second-largest division. Hoke, 46, will join Europe's largest aerospace group in January and progressively take over from Bernhard Gerwert, who is due to retire in mid-2016, Airbus said on October 20.
The recruitment of the former Renault research engineer from his role as head of Siemens' Customer Services Division will reduce the average age of the 15-member Airbus Group executive committee, populated mainly by aerospace veterans in their late fifties or older, to below 55.
He will learn the ropes during the first quarter of next year and take over from Gerwert on April 1, Airbus said, adding that Gerwert will continue to advise him until June at least.
Hoke's appointment reflects efforts by Airbus CEO Tom Enders to reach beyond aerospace as it contends with competition from other high-tech companies and pressures to adapt to digital manufacturing techniques. Enders said Hoke is "well equipped for a world and business environment that is ever more accelerating" and noted his experience in project management and services.
Speaking to Siemens investors in 2013, Hoke hailed a "manufacturing renaissance" but emphasised the importance of reducing lead times from concept to market - a perennial headache for a defence industry that is plagued by costly delays.
At Airbus he will face challenges including slow deliveries of the A400M military airlifter and questions over strategy for drones and the long-term future of the Eurofighter jet, which is also backed by BAE Systems and Finmeccanica.
He joins at a tough time for Europe's defence industry, which is struggling as cash-strapped governments cut back military spending.
The Munich-based Defence & Space division was recently combined and slimmed down under Gerwert to focus on warplanes, missiles, satellites and space rockets. It reported a loss on flat revenue in the first half but remains the group's second-largest division by sales and orders behind the commercial aircraft business. By recruiting from one of a handful of German groups famed for grooming the country's elite managers, analysts said that Enders appeared to have recognised the lack of a younger generation of German-born industrial leaders inside his group.

Copyright Reuters, 2015

Comments

Comments are closed.