October 07, 2008

EADS to propose Mr LN Mittal for board membership

Thomson Financial reported that the European aerospace group EADS would recommend the appointment of Indian steel magnate Mr Lakshmi Mittal to the company's board of directors at a shareholder general assembly October 22nd 2007.

Mr Mittal is CEO & chairman of newly formed ArcelorMittal the world's biggest steel producer, which he created through the takeover of European group Arcelor by his company, Mittal Steel.

The management of EADS is being reformed after years of infighting between French and German shareholders and board members, which led to management and operational problems at the group, particularly at plane making unit Airbus.