EADS CEO Louis Gallois to join FSI board
Louis Gallois, the CEO of European aerospace and defense corporation EADS, is due to join the board of French sovereign wealth fund Fonds Stratégique d'Investissement (FSI), according to French daily newspaper Les Echos.
Gallois will take over the role from Denis Ranque, who joined the FSI board a year ago. He is also due to leave EADS at the end of May, when Airbus's Tom Enders replaces him as CEO.
Launched in 2008, FSI is a €20bn vehicle funded at 49% by the state. Its mission is to back rapidly-growing, competitive French companies in need of financing – investing both directly and as an LP in traditional private equity vehicles.
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