Financial Times FT.com

EADS shakes up its board

By Kevin Done in London

Published: September 25 2007 22:03 | Last updated: October 1 2007 16:40

EADS has recruited Sir John Parker, chairman of National Grid, the UK electricity and gas transmission group, and Lakshmi Mittal, the Indian steel entrepreneur, and chief executive and main shareholder of Arcelor Mittal, the world’s biggest steel group,as non-executive directors.

The appointments, confirmed on Friday, are part of the effort to transform the corporate governance structure of Europe’s leading aerospace and defence group and to internationalise the board by reducing the representation of its main Franco-German shareholders and increasing the number of independent directors.

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