Rainer Hertrich

Last updated

Rainer Hertrich (born 6 December 1949) is a German industrialist. [1] In 2000, he was appointed co-CEO of EADS. [2] [3] His counterpart is Philippe Camus, who is CEO in France. The dual role was considered "largely ceremonial". [4] Hertrich was also CEO of the group's aeronautics division. [1]

Contents

Life and education

He was born on 6 December 1949 [5] and studied business administration at Technische Universität Berlin and the University of Nuremberg after an apprenticeship at Siemens. [5]

Career

He began his career in 1977 as controlling supervisor at Messerschmitt-Bölkow-Blohm (MBB). In 1979, he became head of the controlling department at the MBB service division and in 1983 chief financial officer (CFO) in the same division. [5]

In 1984, he served as head of the controlling and finance department at the MBB dynamics division, before becoming CFO and division management member at MBB's marine and special products services in 1987. [5]

After MBB merged into Deutsche Aerospace AG (Dasa), in 1991, Hertrich became senior vice president for corporate controlling. [6]

1996 Hertrich became head of the aero engines business unit of Dasa He was president and CEO of Dasa's Motoren- und Turbinen-Union (MTU) in Munich and a member of its board of management. In 2000, he was appointed president and CEO of Dasa. [5]

Associations

During 2001–2005, he served as president of the German Aerospace Industries Association (BDLI). [7]

Hertrich was awarded Officer de la Légion d'honneur.[ citation needed ]

Related Research Articles

<span class="mw-page-title-main">Aérospatiale</span> French aerospace manufacturer from 1970 to 1999

Aérospatiale was a major French state-owned aerospace corporation that developed and manufactured both civilian and military aircraft as well as rockets, missiles and satellites. It was incorporated in 1970 as Société Nationale Industrielle Aérospatiale through the merger of three state-owned aerospace companies: Sud Aviation, Nord Aviation and SEREB. The company was headquartered in the 16th arrondissement of Paris.

British Aerospace plc (BAe) was a British aircraft, munitions and defence-systems manufacturer that was formed in 1977. Its head office was at Warwick House in the Farnborough Aerospace Centre in Farnborough, Hampshire. It purchased Marconi Electronic Systems, the defence electronics and naval shipbuilding subsidiary of the General Electric Company, in 1999 to form BAE Systems.

Marconi Electronic Systems (MES), or GEC-Marconi as it was until 1998, was the defence arm of General Electric Company (GEC). It was demerged from GEC and bought by British Aerospace (BAe) on 30 November 1999 to form BAE Systems. GEC then renamed itself Marconi plc.

A chief financial officer (CFO), also known as a treasurer, is an officer of a company or organization who is assigned the primary responsibility for making decisions for the company for projects and its finances . The CFO thus has ultimate authority over the finance unit and is the chief financial spokesperson for the organization.

<span class="mw-page-title-main">DASA</span> 1989–2000 German aerospace manufacturer

DASA was a German aerospace manufacturer.

Construcciones Aeronáuticas SA (CASA) was a Spanish aircraft manufacturer that was founded in 1923 and began manufacturing aircraft the following year. In 1999 it became a subsidiary of the EADS under the name EADS CASA and in 2009 was absorbed into Airbus Military. CASA is noted for designing and producing military transport aircraft such as the CASA C-212 Aviocar, the CASA CN-235, the CASA C-295 and the CASA C-101 trainer/ground attack aircraft.

The Entwicklungsring Nord - abbreviated ERNO - was a 1961 joint venture of Bremen-based Weserflug and Focke-Wulf with Hamburger Flugzeugbau to develop parts for rockets and get involved in space activities.

Messerschmitt-Bölkow-Blohm (MBB) was a West German aerospace manufacturer. It was formed during the late 1960s as the result of efforts to consolidate the West German aerospace industry; aircraft manufacturer Messerschmitt AG merged with the civil engineering and aviation firm Bölkow in 1968, while rival aircraft manufacturer Hamburger Flugzeugbau was acquired by the company in the following year.

Siemens Plessey was the name given to the Plessey assets acquired by Siemens in 1989. Today most of these units are part of BAE Systems while some units are now part of EADS.

Andreas Sperl is the CEO of Elbe Flugzeugwerke and was a chief financial officer (CFO) of the European aircraft manufacturer Airbus S.A.S. He was appointed CFO of Airbus in June 2000 and is responsible for finance, controlling, accounting, as well as internal audits and risk management. He is a member of the Airbus executive committee.

<span class="mw-page-title-main">Louis Gallois</span>

Louis René Fernand Gallois is a French businessman. He was the CEO of EADS, the European aeronautic defense and space company, from 2007 to 2012.

Fabrice Brégier is a French business executive. He was appointed president and chief operating officer of Airbus on 1 January 2017. He is on the executive committee of Airbus, which operates Airbus Commercial Aircraft, Airbus Defence and Space, and Airbus Helicopters. As of October 2018 he is now leading the French operations of Palantir Technologies.

Nelson Joosuk Chai is an American investment banker and financial executive. He formerly served as the chief financial officer of American financial services company Merrill Lynch and briefly as Bank of America's president for the Asia-Pacific region. He is the former president of CIT Group and reported directly to then CEO John Thain. On August 21, 2018, it was announced that Chai has been hired as the chief financial officer of Uber.

<span class="mw-page-title-main">Elbe Flugzeugwerke</span> German aircraft manufacturing company

Elbe Flugzeugwerke GmbH is an aerospace manufacturer based in Dresden, Germany.

<span class="mw-page-title-main">Ulrich Körner</span> German-Swiss business person (born 1962)

Ulrich Körner is a German-Swiss businessman. In March 2021, he was named CEO Asset Management of Credit Suisse until July 2022, when he was appointed CEO of Credit Suisse AG.

<span class="mw-page-title-main">Airbus</span> European aircraft manufacturer

Airbus SE is a European multinational aerospace corporation. The company's primary business is the design and manufacturing of commercial aircraft but it also has separate defence and space and helicopter divisions. Since 2019, Airbus has been the world's largest manufacturer of airliners as well as the leading helicopter manufacturer.

<span class="mw-page-title-main">Tom Enders</span> German business executive (born 1958)

Thomas Enders is a German business executive who served as the chief executive of Airbus from 2012 until 2019. Since 2019, Thomas has been the president of the German Council on Foreign Relations (DGAP).

Airbus Defence and Space is a division of Airbus SE. Formed in 2014 in the restructuring of European Aeronautic Defence and Space (EADS), Airbus SE comprises the former Airbus Military, Astrium, and Cassidian divisions. Contributing 21% of Airbus revenues in 2016, it is the second largest space company in the world.

Today's Airbus is the product of international consolidation in the European aerospace industry tracing way before the formation of the Airbus Industrie GIE consortium in 1970. In 2000, the European Aeronautic Defence and Space Company (EADS) NV was established through the merger of Aerospatiale-Matra of France and DASA from Germany, and that subsequently bought Construcciones Aeronauticas from Spain. In addition to other subsidiaries pertaining to security and space activities, EADS owned 100% of the pre-existing Eurocopter SA, established in 1992, as well as 80% of Airbus Industrie GIE. In 2001, Airbus Industrie GIE was reorganised as Airbus SAS, a simplified joint-stock company. In 2006, EADS acquired the remaining 20% shares of Airbus Industrie GIE from BAE Systems. EADS NV was renamed Airbus Group NV in 2014 and finally Airbus SE in 2015. Due to the commercial aircraft division's prominence within Airbus SE with it representing the largest part of the corporation's activities, Airbus S.A.S was published to be merged into the parent company in January 2017, but it was never done. Airbus SE remains therefore as the holding company for the commercial aircraft subsidiary Airbus SAS, while also being the parent company of the other two divisions Airbus Defence and Space and Airbus Helicopters.

<span class="mw-page-title-main">Michael Lohscheller</span> German manager

Michael Lohscheller is a business man, who worked as management control system for Jungheinrich, CFO at Mitsubishi Motors, CFO at Volkswagen Group, CEO at Opel and then VinFast of Vingroup from Vietnam.

References

  1. 1 2 "Why Are These Two Heads Smiling?". Newsweek. Retrieved 2020-11-23.
  2. "European Aeronautic Defence And Space Company EADS N.V." encyclopedia.com. Retrieved 2020-11-22.
  3. Alvarez, José Luis; Svejenova, Silviya (2005). Sharing executive power: roles and relationships at the top . Cambridge University Press. p.  130. ISBN   978-0-521-84125-2 . Retrieved 18 April 2011.
  4. "Europe's pioneering aerospace giant". flightglobal.com. Retrieved 2020-11-23.
  5. 1 2 3 4 5 "THE CEAS AWARD FOR 2006 WAS PRESENTED TO DR. RAINER HERTRICH ON 21 JUNE 2006 IN VIENNA" (PDF). The Quarterly Newsletter of the CEAS (2): 4. November 2006. Retrieved 2020-11-23.
  6. "Events with high posterior probability". cs.cmu.edu. Carnegie Mellon University. Retrieved 2020-11-23.
  7. "Bundesverband der Deutschen Luft- und Raumfahrtindustrie". physik.cosmos-indirekt.de. Retrieved 2020-11-23.