Change at the head of EADS/LFK
Munich, 02 April 2001
The shareholders of LFK-Lenkflugkörpersysteme GmbH, EADS European Aeronautic Defence and Space Company and Matra BAe Dynamics, have with immediate effect nominated Werner Kaltenegger to succeed Peter Ibbeken as Managing director of LFK. Kaltenegger, who up till now has been Managing Director of the LFK subsidiary TDW Gesellschaft für verteidigungstechnische Wirksysteme mbH located in Schrobenhausen, is to assume the additional responsibility of heading the business unit EADS/LFK. Peter Ibbeken will take up a new task within the EADS Group.
"Peter Ibbeken took over control of LFK in turbulent times a year ago. Since then, he has initiated important steps on the way to an economic recovery and the strategic repositioning of LFK. For this reason he is owed our thanks," said Dr. Thomas Enders, Member of the EADS Board of Management and Head of the Defence and Civil Systems division.
"The helm at EADS/LFK now passes to Werner Kaltenegger, an experienced turnaround manager who will receive the full support of the LFK shareholders EADS and Matra BAe Dynamics (MBD) for the tough task that lies ahead of him," Enders continued. "The market conditions have become even worse for LFK in the past year, above all in the German market. Important programmes have been either stopped or postponed. The future of EADS/LFK therefore lies in close integration and worksharing with the Number 1 in the European missile industry, Matra BAe Dynamics."
Werner Kaltenegger will retain his position as Managing director of TDW as an additional responsibility until his successor is named.
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