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Airbus Picks Thomas Toepfer as Future Chief Financial Officer

Our Bureau - : Feb 18, 2023 - : 10:08 pm

Airbus has appointed Dr. Thomas Toepfer, 50, to succeed Dominik Asam, 53, as Chief Financial Officer (CFO). Thomas Toepfer, currently CFO of Covestro AG,–will join Airbus on Sept. 1.

Dominik Asam will leave Airbus on March 3. Xavier Tardy, Executive Vice-President Finance for Airbus Defence and Space, will ensure continuity during the interim period in addition to his current role.

“We are very pleased to have Thomas joining Airbus as CFO at this important time for the Company. Thomas is a highly regarded CFO in the DAX40 and I am looking forward to working with him on the Airbus Executive Committee as we continue to ramp-up production and secure our long-term ambitions in a complex operating environment,” said Guillaume Faury, Airbus CEO. “I sincerely thank Dominik for everything he has brought to Airbus. Together with his team he helped the Company navigate the most severe crisis of its history, ensuring we are well positioned to manage the recovery and prepare our sustainable future. I wish Dominik all the best for his new challenges at SAP.”

As CFO, Thomas Toepfer will report to Chief Executive Officer Guillaume Faury and become a Member of the Airbus Executive Committee.

Dr. Toepfer has been Covestro’s Chief Financial Officer (CFO) since April 2018 and additionally holds the position of Labor Director since January 2019. Before joining Covestro, he was Chief Financial Officer of KION Group, a leading provider of materials handling and warehouse automation solutions.

Born in Hamburg, Germany, in 1972, Dr. Thomas Toepfer holds a PhD in Business Administration from Otto Beisheim Graduate School of Management (WHU), Koblenz.


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