Author Topic: Governance of Arianespace: Airbus Safran Launchers becomes the majority sharehol  (Read 1097 times)

Offline jacqmans

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Nov 30, 2016 

Governance of Arianespace: Airbus Safran Launchers becomes the majority shareholder

On Wednesday, November 30, 2016, Airbus Safran Launchers and the CNES French space agency announced that Airbus Safran Launchers is acquiring the stake in Arianespace held by CNES.

Airbus Safran Launchers, a joint venture between Airbus Defence and Space and Safran, becomes the majority shareholder in Arianespace, with 74% of its share capital. The stakes held by the other shareholders, from the European launcher industry, remain unchanged.

CNES becomes a statutory censor on the Arianespace board, the same position held by the European Space Agency (ESA). On December 9, a General Meeting of Arianespace shareholders will therefore note the resignation of the three directors representing CNES, who will be replaced by three directors appointed by Airbus Safran Launchers.

Arianespace remains a full-fledged company, with its headquarters in Évry, near Paris; a facility in Kourou, French Guiana; and offices in Washington D.C., Tokyo and Singapore. The company operates three launchers from the Guiana Space Center (CSG) in French Guiana: Ariane 5, Soyuz (within the scope of a partnership with Russian space agency Roscosmos) and Vega. Avio is the design authority and industrial prime contractor for the Vega light launcher, via its Italian subsidiary ELV (in which ASI, the Italian space agency, holds 30%).

“Following the signature of the Ariane 6 contract on November 9 at ESA headquarters, this change in Arianespace’s shareholding structure provides a decisive boost to the transformation of the European launcher industry, all for the greater benefit of our customers,” said Stéphane Israël, Chairman and Chief Executive Officer of Arianespace. “By bolstering ties between industry and the market, Airbus Safran Launchers’ larger stake in Arianespace will support the increasingly flexible operation of Ariane, while also opening up new opportunities for Arianespace’s employees. CNES is a new censor on our Board of Directors, and will continue to be our daily partner at the Guiana Space Center. Drawing on our family of launchers – comprising Ariane, Soyuz and Vega – Arianespace will continue our mission of ensuring independent access to space for ESA and European institutions. We also will maintain strong links with our minority shareholders, representing Europe’s launcher industry, and we naturally will continue to work with all satellite manufacturers. We already are gearing up for the successful operation of our two upcoming launchers: Vega C, from 2019, and then Ariane 6, from 2020. With this, we are opening a new chapter in the fabulous story of Arianespace.”

http://www.arianespace.com/press-release/governance-of-arianespace-airbus-safran-launchers-becomes-the-majority-shareholder/

Offline calapine

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Quote
Evolution of Arianespace governance ensures greater coherence with Airbus Safran Launchers

Arianespace shareholders voted unanimously to convert the launch operator and subsidiary of Airbus Safran Launchers to an SAS (simplified joint-stock company) at the company’s Annual General Meeting, held in Paris on Monday, March 27.

The modification aims to streamline and modernize Arianespace’s governance to achieve greater responsiveness, facilitate relationships with industrial prime contractors, and be coherent with the new shareholder structure of Arianespace Participation.

The new legal form also comes with changes to the governance of Arianespace, allowing for more cohesive working coordination between the launch operator and its parent company, the Ariane launcher prime contractor. With these changes, Airbus Safran Launchers CEO, Alain Charmeau, also becomes Chairman of the Board of Directors of the holding company, Arianespace Participation. Stéphane Israël, CEO of Arianespace SAS, and CEO of Arianespace Participation, joins the Executive committee of Airbus Safran Launchers as Director of Ariane 5 and Ariane 6 commercial launcher programs. This position had been held provisionally by Alain Charmeau.

“This evolution in governance is consistent with the steps taken since 2014 to streamline the European launcher industry. It places the entire industrial organization of Ariane 5, from production to marketing, under the sole responsibility of Stéphane Israël, while preparing for the optimal development, production and commercialization of Ariane 6 for the benefit of Arianespace’s customers”, said Alain Charmeau.

Stéphane Israël added: “With this new governance, Arianespace will be able to rely on its industrial prime contractor and biggest shareholder, Airbus Safran Launchers, to be even more responsive to customer needs and market developments. I would like to thank Alain Charmeau for his trust. The synergies I will strive to create between Arianespace and Airbus Safran Launchers will bring opportunities for all their teams. In this new configuration, Arianespace will further integrate operations with Avio/ELV for the success of Vega and confirms its commitment to Soyuz operations with its partner Roscosmos.”

This change was submitted to ESA on 16 March after being approved by Arianespace staff representatives in February 2017. Airbus Safran Launchers has held a 74% stake in Arianespace since 31 December 2016.

http://www.arianespace.com/press-release/evolution-of-arianespace-governance-ensures-greater-coherence-with-airbus-safran-launchers/

Summary:

- Arianespace becomes an 'Société par actions simplifiée' (similar to the American LLC)
- Stephane Isreal joins the Airbus Safran Lauchers board as 'Director of commercial launcher programs'

Offline Rik ISS-fan

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Airbus Safran Launchers to become Arianegroup
« Reply #2 on: 05/17/2017 07:53 AM »
Airbus Safraan Launchers will be re-branded into arianegroup.
The name change will happen Juli 1th 2017.
Link: airbusafran-launchers.com



Sorry, I picked a topic that was related to ASL. Is it an idea to make this the Arianegroup news (& discussion) topic?
currently for each news release a new topic is created.
« Last Edit: 05/17/2017 07:58 AM by Rik ISS-fan »

Offline russianhalo117

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with merger complete Airbus Safran Launchers will be re-branded into ArianeGroup.
The name change will happen Juli 1th 2017.
Link: airbusafran-launchers.com



Sorry, I picked a topic that was related to ASL. Is it an idea to make this the Arianegroup news (& discussion) topic?
currently for each news release a new topic is created.
you will need to run that idea by a mod for approval.

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