HEADLINE NEWS
New Aerospatiale Ceo to Boost Consolidation
PARIS Yves Michot’s appointment as the new chief of Aerospatiale signals the French government’s resolve to complete the consolidation of the domestic aerospace sector, French industry experts say. Departing from the customary practice of naming “politically correct” outsiders to head state-owned companies, the government elevated Michot, an insider and former executive vice president, to be the chairman and chief executive officer of France’s biggest aerospace group.
By PIERRE SPARACO3 min